Modular Raises $250M in Series C
Modular has successfully raised $250M in a Series C at a $1.6B valuation led by US Innovative Technology, GV.
Company Overview
Modular is a AI/ML company headquartered in Palo Alto, CA, founded in 2022 with 150+ employees.
AI deployment platform enabling apps to run across diverse chips without rewrites
Fundraising Details
- Amount Raised: $250M
- Round Type: Series C
- Valuation: $1.6B
- Date: 2025-09-24
- Investors: US Innovative Technology, GV
About Modular
AI deployment platform enabling apps to run across diverse chips without rewrites The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Palo Alto, CA
- Founded: 2022
- Team Size: 150+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Modular's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Modular's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.6B valuation marks an important milestone for Modular, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Modular is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2025-09-24. For more information about Modular, visit their headquarters at Palo Alto, CA.
