Modal raises $16M Series A at $100M valuation

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Total Raised

$16M

Valuation

$100M

Latest Round

Series A

Employees

30+

Modal: Series A Funding Round

Modal has successfully raised $16M in Series A funding, reaching a valuation of $100M.

Company Overview

Serverless cloud for data/ML teams

Funding Details

The Series A round was led by Redpoint Ventures, with participation from Amplify Partners, BoxGroup.

Investment

Modal plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

Redpoint Ventures: Verified investor in Series A
Amplify Partners: Verified investor in Series A
BoxGroup: Verified investor in Series A

Company Info

Headquarters

548 Market Street, San Francisco, CA 94104

Founded

2021

Team Size

30+

Last Round

$16M(Apr 2024)

Investors (3)

R

Redpoint VenturesLead

Lead Investor

Verified investor in Series A

A

Amplify Partners

Investor

Verified investor in Series A

B

BoxGroup

Investor

Verified investor in Series A

Topics

verified(3079)real-funding(3079)modal cloud infrastructure series-a 548-market-street

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