Modal
A deep look at Modal's finances, team, and market position in the AI Infrastructure space.
Awaira Score
Out of 100
HQ
United States
Founded
2021
Raised
$111M
Stage
Series B
Team
30
About Modal
Modal is an AI infrastructure company founded in 2021 that provides cloud computing tools for machine learning and artificial intelligence applications. The platform enables developers to build, deploy, and scale AI models with reduced infrastructure complexity. Modal's core offering centers on serverless computing infrastructure specifically optimized for AI workloads, allowing users to run…
Key Facts
- Modal is valued at $1.1B as of March 2026.
- Modal has raised a total of $111M in disclosed funding across 1 funding rounds.
- Modal was founded in 2021 by Erik Bernhardsson and is headquartered in United States.
- Modal employs approximately 30 people.
- Modal operates in the AI Infrastructure category and is currently at the Series B stage.
- Modal has an Awaira Score of 71/100, ranking it among the tracked AI companies on Awaira.
- Modal's most recent funding round was a Seed of $7M closed in January 2022.
Source: Awaira · Updated Mar 21, 2026
Valuation
$1.1B
Post-money
Total Raised
$111M
All rounds
Awaira Score
71/100
Founded
2021
30 employees
Strengths & Risks
Strengths
Unicorn status with $1.1B valuation
Strong Awaira Score of 71/100
Based in the US, the world's largest AI market
Considerations
Small team may limit scaling capacity
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
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Funding Rounds
Inactive$7M
Jan 2022
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