AI startup Modular raises $250 million to challenge Nvidia's dominance, led by U.S. Innovative Technology fund.
Amount Raised
$250 Million
Round Type
Funding Round
Palo AltoSoftwareData And AnalyticsScience And EngineeringArtificial Intelligenceinformation technology & servicesInvestors
Description
AI startup Modular said on Wednesday it raised $250 million in a funding round, valuing it at $1.6 billion. The funding was led by U.S. Innovative Technology fund, with participation from DFJ Growth and existing investors including GV, General Catalyst, and Greylock. Modular's platform aims to allow developers to run AI applications across various computer chips without rewriting code
Quick answer
Modular raised $250 Million in a Funding Round round, dated September 24, 2025. Investors: Thomas Tull’s US Innovative Technology Fund, Greylock, General Catalyst, GV, DFJ Growth and U.S. Innovative Technology Fund. Modular is based in Palo Alto, California, United States.
- How much did Modular raise?
- Modular raised $250 Million in a Funding Round round on September 24, 2025.
- Who invested in Modular?
- Thomas Tull’s US Innovative Technology Fund, Greylock, General Catalyst, GV, DFJ Growth and U.S. Innovative Technology Fund are named as investors in this round.
- What does Modular do?
- But these companies, the Modular co-founders posit, show a preference for their tooling and infrastructure at the expense of the AI’s progress.
- Where is Modular based and how big is it?
- Modular is based in Palo Alto, California, United States. Fundz records about 270 employees.
- Who are the decision-makers at Modular?
- Fundz holds 1 contact at Modular. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Data And Analytics and Science And Engineering around the same time
Companies in the same sectors as Modular that raised within 45 days of this round, from Fundz verified event records.
- PassiveLogic raised $74M (Series C) on September 17, 2025.
- MoEngage raised $100M (Series F) on November 5, 2025.
- Synthesia raised $200M (Funding Round) on October 31, 2025.
- Cerebras Systems raised $1.1B (Series G) on September 30, 2025.
- EdgeCortix raised an undisclosed amount (Series B) on August 18, 2025.
- Zeligate raised an undisclosed amount (Seed) on November 6, 2025.
Who to call at Modular, and when
A new round usually means Modular is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Modular raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Modular, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Modular. With Fundz connected, it knows.
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Fundz sees it the moment Modular raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Modular raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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