What is Modal's new valuation?

Modal raised a $750M Series D at a $15.75B valuation, led by Accel.

How much has Modal's usage grown?

Modal's usage grew more than 15x year over year.

Who led Modal's Series D round?

The Series D round was led by Accel.

AI Business & IndustryLatent Space2m agoOct 15, 2026, 22:01 JST

Modal hits $1B ARR, raises $750M at $15.75B

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3 Key Points

What happened
Modal crossed $1B in annualized run rate and raised a $750M Series D at a $15.75B valuation led by Accel. Usage grew more than 15x year over year.
Why it matters
The new valuation marks a rapid jump from the company's prior unicorn status. Accel is backing the company at this higher value.

WHO IT HITSThe funding and valuation affect Modal's existing customers and partners, as well as investors tracking AI infrastructure companies. It may also draw attention from competing AI infrastructure providers.

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Context & Analysis

Modal's announcement comes as the company crosses a significant revenue milestone. The $1B annualized run rate and $750M Series D at a $15.75B valuation, led by Accel, represent a major step for the company. The more than 15x year-over-year usage growth suggests strong demand for its services. This funding round and valuation may signal growing investor confidence in AI infrastructure companies.

FAQ

What is Modal's new valuation?: Modal raised a $750M Series D at a $15.75B valuation, led by Accel.
How much has Modal's usage grown?: Modal's usage grew more than 15x year over year.
Who led Modal's Series D round?: The Series D round was led by Accel.

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