Noesion Radarnoesion.ai
Market2026-10-14

Modal raised $750M in a Series D round. The round valued Modal at $15.75B. That is more than triple its May Series C valuation. Modal crossed $1B in annualized run rate. Usage has tripled since May. Growth is over 15x year-over-year. Modal provides cloud infrastructure for AI development and deployment. Accel led the round. Modal will use the capital to expand its platform.

What changed

Modal was valued at $4.65B in its May Series C round.

What it unlocks

Modal can scale its AI infrastructure platform with new capital.

  • $15.75B valuation
  • $750M raised
  • $1B annualized run rate
  • 15x year-over-year growth

Sources

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