Modal Labs Raises $355M Series C, Valued at $4.65B Amid AI Infrastructure Boom

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Modal Labs, a San Francisco-based cloud infrastructure startup founded by Erik Bernhardsson, closed a $355 million Series C funding round led by General Catalyst and Redpoint Ventures in May 2026. The deal values the company at $4.65 billion, roughly four times its previous valuation. Modal offers a serverless, Python-optimized compute platform that lets developers deploy AI workloads at scale without managing Kubernetes clusters or Docker containers. The company targets data scientists, ML engineers, and AI researchers who need rapid access to GPU resources for tasks ranging from model fine-tuning to large parallel training runs. The funding surge reflects rising demand for scalable AI infrastructure, driven in part by the widespread adoption of AI coding tools that generate compute-intensive applications.

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ProgrammingDEV Community ·

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