Modal Stock
| Valuation | $4.65B1, 2 |
| Valuation Date | May 21, 2026 |
| Implied Valuation | $3.07B |
| Last Price | $89.23 |
| 52-Week High | $151.38 |
| 52-Week Low | $16.00 |
| YTD Return | +424.88% |
| 1-Year Return | +457.69% |
| 3-Year Return | n/a |
| Total Funding | $466M3 |
| Latest Round Amount | $355M1 |
| Latest Round | Series C |
| Funding Rounds | 4 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | $300M1, 2 |
| Revenue Type | Run Rate |
| P/S Ratio | 15.5 |
About Modal
Modal is a serverless cloud computing platform built for AI workloads. Developers write a few lines of Python to run AI inference, model fine-tuning, batch jobs and code sandboxes on infrastructure that scales from zero to thousands of GPUs in minutes. The company built its own container runtime, file system and scheduler to make cold starts fast. It also pools compute capacity from more than a dozen cloud providers. Modal makes money through usage-based pricing, charging customers only for the time their code is running. It was founded by Erik Bernhardsson, who previously built Spotify's music recommendation system, and Akshat Bubna.
Invest in Modal
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News
Modal Labs Opens London Office to Expand European AI Inference Presence
Modal Labs is opening a London office in the Marble Arch area with capacity for up to 40 workers, expanding its European footprint alongside existing offices in New York, San Francisco, and Stockholm.
Modal Cuts Serverless Function Latency with New Distributed I/O Plane
Modal completed migration of all functions to a new geographically distributed I/O plane, reducing end-to-end function call latency by roughly 80ms at the p50 in the US East region.
Kimi K3 by Moonshot now available on Modal
Modal partnered with Moonshot on day-zero support for Kimi K3, a 2.8 trillion parameter multimodal model, offering it via the Shared API and Auto Endpoints with a custom DFlash speculator.
Devin Outposts on Modal
Modal launched as a day-one partner for Cognition's Devin Outposts, letting Devin sessions run in Modal Sandboxes with fast cold-starts and million-sandbox scale via the open-source modal-devin integr...
Modal Scales to 1 Million Concurrent Sandboxes
Modal rebuilt its sandbox platform to support one million concurrent sandboxes created in under a minute, with median startup latency below half a second and no practical scaling limits on its control...
Inkling by Thinking Machines now available on Modal
Thinking Machines released Inkling, a general-purpose multimodal model, with day-zero support on Modal as a Managed Endpoint with token-based pricing and a custom DFlash speculator.
Modal Powers Compute Backend for Anthropic's Claude Science
Modal integrated with Anthropic's Claude Science workbench, allowing life sciences researchers to run compute-intensive workloads including protein modeling and compound screening directly from Claude...
Modal Raises $355M Series C at $4.65B Valuation
Modal announced a $355 million Series C led by General Catalyst and Redpoint at a $4.65 billion post-money valuation, reporting fivefold revenue growth to over $300 million in annualized revenue since...
Modal Integrates Sandboxes with Anthropic Claude Managed Agents
Modal launched a first-class integration letting developers run Anthropic Claude Managed Agents tool calls in Modal Sandboxes for isolated, scalable agent execution.
Modal Labs Selects Oracle as its Cloud Infrastructure Provider of Choice
AI innovator leverages Oracle Cloud Infrastructure to serve low-latency, real-time production AI workloads at scale LAS VEGAS , Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Modal Labs, a server...