AI's unified compute layer — Mojo language + MAX serving stack across NVIDIA/AMD
Modular is building a unified compute layer for AI — a portable software stack that lets developers run inference and training workloads efficiently across NVIDIA, AMD, and other accelerators without rewriting code. Founded in 2022 by Chris Lattner (creator of LLVM, Swift, MLIR, and Apple's compiler infrastructure) and Tim Davis, the company ships Mojo (a Python-superset systems language) and MAX (a high-performance serving framework). Modular reports that MAX 25.6 delivers 20–50% performance gains over vLLM and SGLang on NVIDIA B200 and AMD MI355. Total raised: $380M including a $250M Series C in September 2025 at a $1.6B valuation, led by the U.S. Innovative Technology Fund.
AI Infrastructure📍 Los Altos, CAFounded 2022
Current Valuation
$1.6B
as of 2025-Q3
UNICORN
QL Price
$1.6B
0% vs last round
QuantLogix's current estimate for Modular, published 2026-10-13 — in line with the last disclosed round of $1.6B (2025-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.6B
2025-Q3
weight 0.49
Secondary market print
$1.6B
2026-06-27
weight 0.53
How this price has held up
No round has priced for Modular since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-13 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Modular, 2026-10-13 (55a2c8d193b400cc).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Modular going public?
No. Modular is private and has not filed to go public. There is no S-1 on file.
What is Modular's valuation in 2026?
Modular is valued at $1.6B as of 2025-Q3, set by its Series C ($250M, Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Modular filed an S-1?
No public S-1 is on file for Modular.
Who are Modular's investors?
Modular's investors include U.S. Innovative Technology Fund, DFJ Growth, GV (Google Ventures), General Catalyst, Greylock.
How much has Modular raised?
Modular has raised $380M in total, most recently a Series C of $250M in Sep 2025.
Is Modular publicly traded — can you buy Modular stock?
No. Modular 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 Modular 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
Chris Lattner
Founded
2022
HQ
Los Altos, CA
Employees
~120
Total Raised
$380M
Growth
~3x valuation step-up between Series B and Series C
Last Round
Series C — $250M (Sep 2025) · Lead: U.S. Innovative Technology Fund
IPO Status
private
Fundraising Status
Series C · $250M · 1y 1mo ago
privateTotal raised $380M
Secondary Market
Implied price / share
$21.29
Open interest
2
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 C
$250M
Sep 2025
U.S. Innovative Technology Fund
—
Vertical Intelligence — AI / ML
No verified Hugging Face organization found for Modular — no attributable open-model footprint. Closed-weights labs are common; this is a distribution signal, not a capability judgment.
Checked huggingface.co as of 2026-10-12. Re-checked weekly.
Talent Signal
Hiring trend
▼ Hiring downtrend
-31% vs 2026-08
Open roles
20
via careers page
Product-build share
80%
engineering, research, product, design
Trajectory
tightening
heavy product build — 80% of open roles are product-building functions (engineering/research/product) — 13 of 20 open roles are engineering.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Custom Models\\ \\ Kernel-level model controlCustomer Engineering\\ \\ (2)Developer Relations\\ \\ (4)Report a security issue[Customer Engineering\\[Developer Relations\\
Counted from Modular'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
Chris LattnerTim Davis
Investors
U.S. Innovative Technology Fund · DFJ Growth · GV (Google Ventures) · General Catalyst · Greylock
Products
Mojo (programming language)
MAX (model serving framework)
MAX Engine
Competitors
NVIDIA (CUDA) · OpenAI (Triton) · Anyscale · Together AI · vLLM (open source)
AIInfraCompilersChris Lattner
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.