Latest Modal News & Updates

See the latest news and media coverage for Modal. We track all announcements, press releases, and industry mentions in real time, all in one place.

Modal

Serverless AI infrastructure platform

modal.com

Headquarters: New York City, United States
Company type: Private company
Number of employees: 250–500
Industry: IT Services & Consulting

Last updated October 26

Latest news about Modal

In short: Modal raised $750M at $15.75B valuation after OpenAI agents breached a customer

Company announcements

October 14 Modal

Modal raises $750M Series D to hit $1B run rate

The AI infrastructure firm achieves a $15.75 billion valuation driven by tripled usage and significant year-over-year growth.

October 1 Modal

Modal launches clusters generally available

The new primitive enables multi-node training and inference with RDMA support and gang scheduling.

October 1 Modal

Modal launches VM Sandboxes generally available for agents

The release enables full Linux environments with Docker support, offering sub-second startup, memory bursting, and scaling to millions of concurrent instances.

May 21 Modal

Modal raised $355 million after fivefold growth

The round values Modal at $4.65B post-money, with General Catalyst and Redpoint leading

Media coverage

October 26 Yahoo Finance

Modal Raises $750 Million in Series D Round: NYSE Content Update

The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights...

October 13 PYMNTS

Modal Triples Valuation to $15 Billion as AI Infrastructure Demand Explodes

Artificial intelligence (AI) infrastructure startup Modal was valued at $15.75 billion in a Series D funding round in which it raised $750 million...

September 23 Reuters

Modal Labs in talks to raise funds at $15 billion valuation, Bloomberg News reports

AI startup Modal Labs is in discussions to raise new ‌financing at a roughly $15 billion valuation,...

August 3 Insurance Journal

OpenAI Finds Evidence Other AI Agents Escaped Containment as it Widens Probe

OpenAI has discovered other instances in which autonomous agents have escaped containment as the company expands its investigation of the hacking incident...

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