Modal Raises $16M in Series B

Modal has successfully raised $16M in a Series B at a $150M valuation led by Redpoint Ventures.

Company Overview

Modal is a AI Infrastructure company headquartered in New York, NY, founded in 2021 with 30+ employees.

Serverless platform for running ML models in production

Fundraising Details

Amount Raised: $16M
Round Type: Series B
Valuation: $150M
Date: 2025-10-11
Investors: Redpoint Ventures

About Modal

Serverless platform for running ML models in production The company is positioned in the AI Infrastructure sector, serving a growing market with innovative solutions.

Key Information

Headquarters: New York, NY
Founded: 2021
Team Size: 30+
Industry: AI Infrastructure

What This Means

This funding round demonstrates strong investor confidence in Modal'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 Infrastructure sector continues to attract significant investment as companies innovate to meet evolving market demands. Modal's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $150M valuation marks an important milestone for Modal, positioning the company among notable players in the AI Infrastructure industry.

Looking Ahead

With this new capital, Modal is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI Infrastructure 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 2025-10-11. For more information about Modal, visit their headquarters at New York, NY.