We've raised $100M to fix AI infrastructure for the world's developers

Modular has secured $100 million in new funding led by General Catalyst, with participation from existing investors like GV and Greylock, to enhance its AI infrastructure platform for developers. This funding follows a previous $30 million round and aims to advance Modular's vision of a unified AI development platform that tackles the current fragmentation of AI technology stacks. The company's products, including the Modular AI Engine and the Mojo programming language, offer improved programmability, scalability, and compatibility with major AI frameworks like TensorFlow and PyTorch, while also promising significant performance enhancements. Mojo, a language combining Python's usability with C's performance, is set to be locally available to developers, fostering innovation and collaboration. Modular's efforts align with responsible innovation and aim to democratize AI technology, making it accessible and efficient for developers worldwide.