Serverless cloud platform for AI, ML, and data workloads.
Modal Labs provides serverless cloud infrastructure tuned for AI inference, ML training, and batch data workloads — letting developers run Python functions on GPUs without managing servers. Founded in 2021 by Erik Bernhardsson (ex-Spotify, Better.com) and Akshat Bubna. Raised an $87M Series B in September 2025 led by Lux Capital at a $1.1B post-money valuation; reportedly in talks for a $2.5B follow-on led by General Catalyst.
AI📍 New York, NYFounded 2021
Current Valuation
$1.1B
as of 2025-Q3
UNICORN
IPO Outlookprivate
Is Modal Labs going public?
No. Modal Labs is private and has not filed to go public. There is no S-1 on file.
What is Modal Labs' valuation in 2026?
Modal Labs is valued at $1.1B as of 2025-Q3, set by its Series B ($59.68M, Oct 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Modal Labs has raised $111M in total, most recently a Series B of $59.68M in Oct 2025.
Is Modal Labs publicly traded — can you buy Modal Labs stock?
No. Modal Labs is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Modal Labs on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Erik Bernhardsson
Founded
2021
HQ
New York, NY
Employees
~80
Total Raised
$111M
Last Round
Series B — $59.68M (Oct 2025) · Lead: Lux Capital
IPO Status
private
Fundraising Status
Series B · $59.68M · 1y ago
privateTotal raised $111M
Secondary Market
Implied price / share
$140.24
Last round price / share
$20.74
vs last round
+576.2%
Open interest
3
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series B
$59.68M
Oct 2025
Lux Capital
—
Vertical Intelligence — AI / ML
Open models
15
verified organization
Downloads (30d)
8,234
across all models
Followers
83
Top model
GLM-5.3-NVFP4-DFlash
2,241 downloads / 30d
Attributed to Hugging Face organization "Modal" as of 2026-10-04. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
▶ Hiring steady
+7% vs 2026-08
Open roles
32
via ashby
Product-build share
53%
engineering, research, product, design
Trajectory
steady
product-led hiring — 53% of open roles build product; the rest are go-to-market and G&A.
Counted from Modal Labs's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Erik BernhardssonAkshat Bubna
Investors
Lux Capital · Redpoint Ventures · Amplify Partners · Definition Capital · CapitalG
Products
Modal serverless GPU platform
Modal Sandboxes
Modal Functions
Competitors
Replicate · RunPod · Together AI · Anyscale · Baseten · AWS Lambda
AIInfrastructureServerlessDeveloper Tools
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.