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MODAL LABS RAISES $355M AT $4.65B VALUATION

Modal Labs, a serverless cloud platform for building and running AI applications, secured $355 million in Series C funding at a $4.65 billion valuation. The round represents a significant jump from the company's $1.1 billion valuation in 2025.

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Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised a $355M Series C at a $4.65B valuation, up from $1.1B in 2025 (Deepa Seetharaman/Reuters)

Deepa Seetharaman / Reuters: Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference,…

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