Modal Labs raises $355.0M Series C (United States, May 2026)

Modal Raises $355M as AI Infrastructure Demand Surges - Ventureburn

Modal Labs is a startup focused on AI infrastructure, providing low-latency serverless GPU container execution for AI inference and secure execution environments for AI-generated code. The company has experienced rapid growth, with its annualized revenue increasing fivefold in less than a year, driven by a surge in demand for AI-assisted coding tools.

Modal Raises $355M as AI Infrastructure Demand Surges  Ventureburn