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Replicate vs Modal

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

Comparison updated: April 2026

Modal is valued at $1.1B — more than 3x Replicate's $350M.

Head-to-Head Verdict

Replicate leads on 3 of 5 metrics

Replicate

3 wins

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

Modal

2 wins

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

Key Numbers

Valuation
$350M
$1.1B
Total Funding
$57.8M
$111M
Awaira Score
74/100
71/100
Employees
50
30
Founded
2019
2021
Stage
Acquired
Series B
ReplicateModal
Winner
Replicate logo
Replicate

🇺🇸 United States · Ben Firshman

AcquiredAI InfrastructureEst. 2019

Valuation

$350M

Total Funding

$57.8M

Awaira Score74/100

50 employees

Full Replicate Profile →
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 →
Market Context

Replicate and Modal are both AI Infrastructure companies based in United States, making this a direct domestic rivalry. The stage gap — Replicate at Acquired vs Modal at Series B — shapes how each company allocates capital and talent.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

The AI Infrastructure sector features both Replicate and Modal as key players. Replicate is an AI infrastructure company founded in 2019 that provides a platform for deploying and running machine learning models at scale. Modal is an AI infrastructure company founded in 2021 that provides cloud computing tools for machine learning and artificial intelligence applications.

Funding & Valuation

Modal carries a valuation of $1.1B, which is 3.1x higher than Replicate's $350M. Funding totals are closer: Modal at $111M compared to Replicate's $57.8M.

Growth Stage

Established in 2019, Replicate has a modest 2-year head start over Modal (2021). Stage-wise, Replicate is classified as Acquired and Modal as Series B, reflecting divergent fundraising histories. Team sizes also differ: Replicate employs 50 people versus Modal's 30.

Geography & Outlook

Replicate and Modal share a home market in 🇺🇸 United States, intensifying their competitive overlap. The Awaira Score reflects a tight race: 74 for Replicate versus 71 for Modal. Replicate, led by Ben Firshman, and Modal, led by Erik Bernhardsson, each bring distinct leadership visions to the AI sector.

Funding Velocity

Replicate

Total Rounds3
Avg. Round SizeN/A
Funding Span3 yrs

Modal

Total Rounds1
Avg. Round Size$7M

Funding History

Replicate has completed 3 funding rounds, while Modal has gone through 1. Replicate's most recent round was a Series B, compared to Modal's Seed ($7M). Replicate is at Acquired while Modal is at Series B — different points in their growth trajectory.

Team & Scale

Team sizes are in the same ballpark: Replicate has about 50 people and Modal has around 30. They're close in age — Replicate started in 2019 and Modal in 2021. Both are based in United States.

Metrics Comparison

MetricReplicateModal
💰Valuation
$350M
$1.1BWINS
📈Total Funding
$57.8M
$111MWINS
📅Founded
2019
2021WINS
🚀Stage
Acquired
Series B
👥Employees
50
30
🌍Country
United States
United States
🏷️Category
AI Infrastructure
AI Infrastructure
Awaira Score
74WINS
71

Key Differences

💰

Valuation gap: Modal is valued 3.1x higher ($1.1B vs $350M)

📈

Funding gap: Modal has raised $53.2M more ($111M vs $57.8M)

📅

Market experience: Replicate has 2 years more (founded 2019 vs 2021)

🚀

Growth stage: Replicate is at Acquired vs Modal at Series B

👥

Team size: Replicate has 50 employees vs Modal's 30

⚔️

Direct competitors: Both operate in the AI Infrastructure market segment

Awaira Score: Replicate scores 74/100 vs Modal's 71/100

Which Should You Choose?

Use these signals to make the right call

Replicate logo

Choose Replicate if…

Top Pick
  • Higher Awaira Score — 74/100 vs 71/100
  • More market experience — founded in 2019
  • Replicate is an AI infrastructure company founded in 2019 that provides a platform for deploying and running machine learning models at scale
Modal logo

Choose Modal if…

  • More established by valuation ($1.1B)
  • Stronger investor backing — raised $111M
  • Modal is an AI infrastructure company founded in 2021 that provides cloud computing tools for machine learning and artificial intelligence applications

Funding History

Replicate raised $57.8M across 3 rounds. Modal raised $111M across 1 round.

Replicate

Series B

Jan 2023

Series A

Jan 2021

Lead: Andreessen Horowitz

Seed

Jan 2020

Modal

Seed

Jan 2022

$7M

Investor Comparison

No shared investors detected between these two companies.

Unique to Replicate

Andreessen Horowitz

Users Also Compare

FAQ — Replicate vs Modal

Is Replicate bigger than Modal?
By valuation, Modal is the larger company at $1.1B versus $350M — a 3.1x difference. Size can also be measured by team: Replicate employs 50 people while Modal has 30 employees.
Which company raised more funding — Replicate or Modal?
Modal has raised more in total funding at $111M, compared to Replicate's $57.8M — a gap of $53.2M. Combined, the two companies have completed 4 known funding rounds.
Which company has a higher Awaira Score?
Replicate leads with an Awaira Score of 74/100, while Modal sits at 71/100. That 3-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Replicate vs Modal?
Replicate was founded by Ben Firshman in 2019. Modal was founded by Erik Bernhardsson in 2021. Visit each company's profile on Awaira for a full founder biography.
What does Replicate do vs Modal?
Replicate: Replicate is an AI infrastructure company founded in 2019 that provides a platform for deploying and running machine learning models at scale. The company operates a marketplace where developers can discover, deploy, and integrate open-source and custom AI models through a simple API interface. Replicate's core offering enables users to run computationally intensive models without managing underlying infrastructure, abstracting away GPU provisioning and scaling complexities. The platform supports a wide range of model types, including image generation, text processing, audio, and video models. Notable models hosted on Replicate include Stable Diffusion and other generative AI tools. The company targets developers, researchers, and companies building AI applications who need reliable model serving without infrastructure overhead. Replicate has raised $63 million in total funding and carries a valuation of $300 million, indicating Series B stage maturity. The company operates in the competitive AI infrastructure space alongside platforms like Hugging Face, Modal, and Together AI. Its positioning focuses on accessibility and ease of use for model deployment rather than custom model development. The company's growth trajectory reflects increasing demand for AI model serving solutions as generative AI adoption accelerates across industries. Replicate serves as an intermediary layer between model creators and application developers. Replicate democratizes access to pre-trained AI models through a consumption-based API platform, eliminating infrastructure barriers for developers. 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.
Which company was founded first?
Replicate got there first, launching in 2019 — that's 2 years of extra runway. Modal didn't arrive until 2021. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Replicate has about 50 employees; Modal has about 30. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Replicate and Modal competitors?
Yes — they're direct rivals. Both Replicate and Modal compete in AI Infrastructure, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

It's close. Both Replicate and Modal are strong players, and picking a winner depends on what you're looking for. Check each profile for the full picture.

Who Should You Watch?

This one's genuinely too close to call. Both companies are competitive, and the winner will likely come down to execution over the next 12-18 months. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive