Modal

● Verification pending Last updated: May 27, 2026 Data last verified: May 23, 2026

Modal: $200M valuation, IPO Readiness 55, Series B. Modal provides cloud compute for AI and data science workloads, enabling ML engineers and data scientists to r. Track live on The IPO Stack.

Series BEnterprise Softwareprivate
55
/100
IPO Readiness Score
Grade C — Early Stage
TechStackIPO proprietary score based on funding scale, valuation, stage progression & momentum.
Track Modal →

Modal provides cloud compute for AI and data science workloads, enabling ML engineers and data scientists to run Python, GPU, and serverless workloads in the cloud without managing infrastructure. Valued at 200M USD with 60M raised, Modal competes with Baseten, Vercel, and AWS SageMaker in the 50B+ ML deployment market.

Valuation
$200M
Total Funding
$36M
Stage
Series B
Sector
Enterprise Software
Headquarters
New York, NY
CEO
Erik Bernhardsson
IPO Status
private

Funding History

Round Amount Date Lead Investors
Series B $16M Sep 2023 Redpoint Ventures
Series A $16M Nov 2022 Redpoint Ventures
Seed $7M Sep 2021 Unusual Ventures, Redpoint Ventures
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Related Analysis

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Track Modal IPO timeline, funding rounds, investor activity, and valuation on TechStackIPO — the pre-IPO intelligence platform.

Frequently Asked Questions

When is Modal going public? +

Modal has not publicly announced IPO plans. Track TechStackIPO for the latest signals and subscribe to The IPO Stack for weekly updates.

What is Modal's current valuation? +

Modal is valued at $200M as of September 2023. This valuation is based on its most recent private funding round tracked by TechStackIPO.

How can I invest in Modal before IPO? +

Accredited investors can access Modal shares through secondary market platforms, pre-IPO investment funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace tracks available access options. Note: pre-IPO investments carry higher risk and limited liquidity compared to public market investing.

What is Modal's IPO Readiness Score? +

Modal scores 55/100 (Grade: C) on TechStackIPO's IPO Readiness Index. The score evaluates funding scale, valuation trajectory, funding momentum, stage progression, and company maturity. Scores above 70 indicate strong near-term IPO potential.

How much total funding has Modal raised? +

Modal has raised $36M in total venture capital and private equity funding, with backing from Redpoint Ventures, Unusual Ventures.

Who are Modal's key investors? +

Modal's notable investors include Redpoint Ventures, Unusual Ventures. Full investor details, funding round history, and lead investor breakdowns are available on TechStackIPO.

What sector is Modal in? +

Modal is a Enterprise Software company. Modal provides cloud compute for AI and data science workloads, enabling ML engineers and data scientists to run Python,.

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