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Modal vs Fireworks AI

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Fireworks AI is valued at $4B — more than 3x Modal's $1.1B.

Head-to-Head Verdict

Fireworks AI leads on 4 of 5 metrics

Modal

1 win

-Valuation
-Funding
-Awaira Score
-Team Size
+Experience

Fireworks AI

4 wins

+Valuation
+Funding
+Awaira Score
+Team Size
-Experience

Key Numbers

Valuation
$1.1B
$4B
Total Funding
$111M
$327M
Awaira Score
71/100
82/100
Employees
30
150
Founded
2021
2022
Stage
Series B
Series C
ModalFireworks AI
Modal logo
Modal

🇺🇸 United States · Erik Bernhardsson

Series BAI InfrastructureEst. 2021

Valuation

$1.1B

Total Funding

$111M

Awaira Score71/100

30 employees

Full Modal Profile →
Winner
Fireworks AI logo
Fireworks AI

🇺🇸 United States · Lin Qiao

Series CAI InfrastructureEst. 2022

Valuation

$4B

Total Funding

$327M

Awaira Score82/100

150 employees

Full Fireworks AI Profile →
Market Context

This is a head-to-head contest: both operate in AI Infrastructure and share a home market in United States. Different stages (Series B vs Series C) mean these companies face fundamentally different operational priorities.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

Within AI Infrastructure, Modal and Fireworks AI rank among the most closely watched rivals. Modal is an AI infrastructure company founded in 2021 that provides cloud computing tools for machine learning and artificial intelligence applications. Fireworks AI, founded in 2022, develops infrastructure software for deploying and running large language models (LLMs) in production environments.

Funding & Valuation

Market pricing favors Fireworks AI at $4B, a 3.6x premium over Modal's $1.1B mark. Modal has raised $111M while Fireworks AI has raised $327M, keeping their war chests in the same ballpark.

Growth Stage

The founding gap is narrow: Modal in 2021 versus Fireworks AI in 2022. Growth stages differ: Modal (Series B) versus Fireworks AI (Series C), a distinction that matters for both deal structure and competitive positioning. On headcount, Modal reports 30 employees and Fireworks AI reports 150.

Geography & Outlook

Both companies are headquartered in 🇺🇸 United States, competing for the same regional talent pool and customer base. Fireworks AI holds a moderate edge on Awaira's composite score (82 vs. 71), driven by stronger fundamentals in funding and growth metrics. Under Erik Bernhardsson and Lin Qiao respectively, both companies continue to chart aggressive growth paths.

Funding Velocity

Modal

Total Rounds1
Avg. Round Size$7M

Fireworks AI

Total Rounds2
Avg. Round Size$38.5M
Funding Span0.3 yrs

Funding History

Modal has completed 1 funding round, while Fireworks AI has gone through 2. Modal's most recent round was a Seed of $7M, compared to Fireworks AI's Series B ($52M). Modal is at Series B while Fireworks AI is at Series C — different points in their growth trajectory.

Team & Scale

Fireworks AI has the bigger team at roughly 150 people — 5x the size of Modal's 30. They're close in age — Modal started in 2021 and Fireworks AI in 2022. Both are based in United States.

Metrics Comparison

MetricModalFireworks AI
💰Valuation
$1.1B
$4BWINS
📈Total Funding
$111M
$327MWINS
📅Founded
2021
2022WINS
🚀Stage
Series B
Series C
👥Employees
30
150
🌍Country
United States
United States
🏷️Category
AI Infrastructure
AI Infrastructure
Awaira Score
71
82WINS

Key Differences

💰

Valuation gap: Fireworks AI is valued 3.6x higher ($4B vs $1.1B)

📈

Funding gap: Fireworks AI has raised $216M more ($327M vs $111M)

📅

Market experience: Modal has 1 year more (founded 2021 vs 2022)

🚀

Growth stage: Modal is at Series B vs Fireworks AI at Series C

👥

Team size: Modal has 30 employees vs Fireworks AI's 150

⚔️

Direct competitors: Both operate in the AI Infrastructure market segment

Awaira Score: Fireworks AI scores 82/100 vs Modal's 71/100

Which Should You Choose?

Use these signals to make the right call

Modal logo

Choose Modal if…

  • More market experience — founded in 2021
  • Modal is an AI infrastructure company founded in 2021 that provides cloud computing tools for machine learning and artificial intelligence applications
Fireworks AI logo

Choose Fireworks AI if…

Top Pick
  • Higher Awaira Score — 82/100 vs 71/100
  • More established by valuation ($4B)
  • Stronger investor backing — raised $327M
  • Fireworks AI, founded in 2022, develops infrastructure software for deploying and running large language models (LLMs) in production environments

Funding History

Modal raised $111M across 1 round. Fireworks AI raised $327M across 2 rounds.

Modal

Seed

Jan 2022

$7M

Fireworks AI

Series B

Jul 2024

Lead: Sequoia Capital

$52M

Series A

Mar 2024

Lead: Sequoia Capital

$25M

Investor Comparison

No shared investors detected between these two companies.

Unique to Fireworks AI

Sequoia CapitalGradient VenturesSoftBank Vision Fund

Users Also Compare

FAQ — Modal vs Fireworks AI

Is Modal bigger than Fireworks AI?
By valuation, Fireworks AI is the larger company at $4B versus $1.1B — a 3.6x difference. Size can also be measured by team: Modal employs 30 people while Fireworks AI has 150 employees.
Which company raised more funding — Modal or Fireworks AI?
Fireworks AI has raised more in total funding at $327M, compared to Modal's $111M — a gap of $216M. Combined, the two companies have completed 3 known funding rounds.
Which company has a higher Awaira Score?
Fireworks AI leads with an Awaira Score of 82/100, while Modal sits at 71/100. That 11-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Modal vs Fireworks AI?
Modal was founded by Erik Bernhardsson in 2021. Fireworks AI was founded by Lin Qiao in 2022. Visit each company's profile on Awaira for a full founder biography.
What does Modal do vs Fireworks AI?
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 GPU-intensive tasks without managing underlying hardware directly. The company positions itself within the broader AI infrastructure category, competing alongside platforms like Replicate, Lambda Labs, and cloud providers' AI services. Modal's approach focuses on simplifying the deployment pipeline for machine learning models, enabling developers to move from development to production environments more efficiently. The platform supports various frameworks and use cases including LLM inference, image generation, and general machine learning tasks. Founded in 2021, Modal operates at the Seed stage with total funding of $20 million and a valuation of $0.1 billion. The company benefits from growing demand for accessible AI infrastructure as organizations scale machine learning workloads. Modal's customer base includes AI developers and teams building applications that require computational resources beyond typical cloud offerings. The competitive landscape remains fragmented, with multiple players addressing different aspects of AI infrastructure. Modal's growth trajectory reflects broader market expansion in AI tooling and infrastructure services. Modal addresses the infrastructure gap between AI research and production deployment by offering serverless computing optimized specifically for GPU-intensive machine learning workloads. Fireworks AI: Fireworks AI, founded in 2022, develops infrastructure software for deploying and running large language models (LLMs) in production environments. The company provides a platform that enables organizations to deploy, fine-tune, and optimize open-source and proprietary models with reduced latency and cost. Fireworks AI's core offering focuses on inference acceleration, allowing enterprises to serve LLMs efficiently at scale through specialized hardware optimization and software acceleration techniques. The platform supports multiple model architectures and enables customization for specific use cases, including content generation, summarization, and code completion. The company has secured $327M in total funding at a $4.0B valuation as of Series C, reflecting significant investor confidence in AI infrastructure. Fireworks AI operates in a competitive segment alongside providers like Together AI, Modal, and cloud-based solutions from major vendors. The company targets enterprises seeking to reduce operational costs associated with LLM deployment while maintaining performance control and data privacy. Its position reflects broader market trends toward distributed AI infrastructure and the need for cost-efficient model serving solutions. The infrastructure layer Fireworks occupies addresses a critical gap between model development and production deployment, supporting the growing adoption of generative AI across industries. Fireworks AI specializes in inference optimization infrastructure, enabling cost-effective production deployment of large language models for enterprise customers.
Which company was founded first?
Modal got there first, launching in 2021 — that's 1 year of extra runway. Fireworks AI didn't arrive until 2022. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Modal has about 30 employees; Fireworks AI has about 150. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Modal and Fireworks AI competitors?
Yes — they're direct rivals. Both Modal and Fireworks AI compete in AI Infrastructure, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

Fireworks AI edges ahead with an Awaira Score of 82, but Modal (71) isn't far behind. The gap is narrow enough that it could shift with the next funding round.

Who Should You Watch?

Fireworks AI is in the stronger position — better score and deeper pockets. But Modal has room to surprise, especially if they land a marquee investor. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive