Modal Raises $750 Million In Series D Funding At $15.75 Billion Valuation

Modal, an AI infrastructure platform, raised $750 million in Series D funding at a $15.75 billion valuation, led by Accel, with participation from Kleiner Perkins and existing investors including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners, and Bain Capital Ventures. The company has surpassed $1 billion in annualized revenue, with usage tripling and growth exceeding 15x year over year since its Series C five months ago, as demand rises for infrastructure supporting AI inference, model training, and autonomous agents. FOUNDERS: Erik Bernhardsson & Akshat Bubna INVESTORS: Accel, Kleiner Perkins, Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners & Bain Capital Ventures ROUND: Series D AMOUNT: $750,000,000 VALUATION: $15,750,000,000 HQ: New York City, New York #VentureCapital #Modal #ErikBernhardsson #Accel #TradedVC