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
Modal
1 win
Fireworks AI
4 wins
Key Numbers
🇺🇸 United States · Erik Bernhardsson
Valuation
$1.1B
Total Funding
$111M
30 employees
🇺🇸 United States · Lin Qiao
Valuation
$4B
Total Funding
$327M
150 employees
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
Fireworks AI
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
| Metric | Modal | Fireworks 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
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
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
Fireworks AI
Series B
Jul 2024
Lead: Sequoia Capital
Series A
Mar 2024
Lead: Sequoia Capital
Investor Comparison
No shared investors detected between these two companies.
Unique to Fireworks AI
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Explore Further
FAQ — Modal vs Fireworks AI
Is Modal bigger than Fireworks AI?▾
Which company raised more funding — Modal or Fireworks AI?▾
Which company has a higher Awaira Score?▾
Who founded Modal vs Fireworks AI?▾
What does Modal do vs Fireworks AI?▾
Which company was founded first?▾
Which company has more employees?▾
Are Modal and Fireworks AI competitors?▾
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.