Modal Stock
| Valuation | $4.65B1, 2 |
| Valuation Date | May 21, 2026 |
| Implied Valuation | $4.79B |
| Last Price | $139.18 |
| 52-Week High | $151.38 |
| 52-Week Low | $15.99 |
| YTD Return | +718.71% |
| 1-Year Return | +770.42% |
| 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.
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News
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...