Amount Raised
$750 Million
Round Type
Series D
New YorkSoftwareEducationE LearningTrainingCorporate Traininginformation technology & servicesInvestors
Description
Modal raised $750M at a $15.75B valuation, more than three times its previous value of $4.65B. The round included existing investors like Menlo Ventures and General Catalyst. Modal's annualized run rate has surpassed $1B, driven by its innovative Sandboxes product. The funding will support the company's growth and development of cloud solutions for AI applications.
Quick answer
Modal raised $750 Million in a Series D round, dated October 14, 2026. Investors: Bain Capital Ventures, General Catalyst, Accel, Kleiner Perkins, Menlo Ventures, Redpoint Ventures and Lux Capital. Modal is based in New York, New York, United States.
- How much did Modal raise?
- Modal raised $750 Million in a Series D round on October 14, 2026.
- Who invested in Modal?
- Bain Capital Ventures, General Catalyst, Accel, Kleiner Perkins, Menlo Ventures, Redpoint Ventures and Lux Capital are named as investors in this round.
- What does Modal do?
- Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads.
- Where is Modal based and how big is it?
- Modal is based in New York, New York, United States. Fundz records about 210 employees.
- Who are the decision-makers at Modal?
- Fundz holds 1 contact at Modal. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Education and E Learning around the same time
Companies in the same sectors as Modal that raised within 45 days of this round, from Fundz verified event records.
- SupaHuman raised $1.5M (Series A) on October 19, 2026.
- LearnUpon raised $50M (Debt Financing) on October 13, 2026.
- Gamindo raised $1.6M (Seed) on September 22, 2026.
- Bloomsco raised $716K (Pre-Seed) on October 30, 2026.
- Intuitivo raised $1.5M (Seed) on October 23, 2026.
- Parabolic Technologies, Inc. raised $6M (Pre-Series A) on October 20, 2026.
Who to call at Modal, and when
A new round usually means Modal is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Modal raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Modal, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Modal. With Fundz connected, it knows.
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Fundz sees it the moment Modal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Modal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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