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.