Announcing our $87M Series B

Modal announced an $80 million-plus Series B led by Lux Capital, valuing the company at $1.1 billion and bringing its total funding to $111 million. The company positions its serverless, AI-native infrastructure as an alternative to legacy cloud systems, pooling global GPU and CPU capacity while offering programmable compute, storage, and networking, rapid container startup, low-latency routing, and usage-based pricing. After four years of developing proprietary components including a file system, container runtime, and scheduler, Modal says it supports thousands of customers with AI workloads ranging from model inference and reinforcement learning to transcription, protein folding, and weather forecasting. Its product suite includes inference, secure sandboxes, batch processing, distributed training, and notebooks, with customers and organizations such as Meta using the platform for large-scale AI development. Modal plans to expand toward providing infrastructure for every stage of building and operating production AI systems.

Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.