What is Modal Labs?
Modal Labs is an AI-native infrastructure platform designed to provide developers with instant, scalable access to global GPU and CPU resources. Leveraging serverless, usage-based pricing, the platform facilitates rapid deployment and seamless scaling of AI and machine learning workloads, from training and inference to batch processing. Its custom-built infrastructure is engineered for sub-second container startups, addressing a critical need for efficient and accessible AI compute power.
How much funding has Modal Labs raised?
Modal Labs has raised a total of $186.2M across 5 funding rounds:
Angel/Seed
$7M
Series A
$16M
Multiple Rounds
$163.2M
Angel/Seed (2023): $7M with participation from Definition Capital, Amplify Partners, and Lux Capital
Series A (2023): $16M led by Redpoint Ventures, Lux Capital, and Amplify Partners
Series B (2025): $87M supported by Lux Capital
Private Equity (2025): $59.7M, investors not publicly disclosed
Private Equity (2025): $16.5M, investors not publicly disclosed
Key Investors in Modal Labs
Lux Capital
Lux Capital is a New York based venture capital firm that raises dedicated funds to invest in earlystage and growthstage companies at the intersection of science and technology, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials from seed through IPO or acquisition.
Amplify Partners
Amplify Partners invests in early-stage companies pioneering novel applications in machine intelligence and computer science. The firm's deep domain expertise and unrivaled relationships with leading technologists, positions it uniquely with enterprise insight and the ability to serve technical founding teams. Amplify-backed companies include ClickDiagnostics, Cambridge Cancer Genomics, Notable Labs and Recursion Pharmaceuticals.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
What's next for Modal Labs?
The substantial enterprise-level funding and recent strategic investment signal a strong validation of Modal Labs' technology and market strategy. This capital will likely be deployed to enhance its infrastructure capabilities, expand its engineering team, and forge new partnerships within the AI ecosystem. The company is well-positioned to capitalize on the burgeoning demand for scalable AI compute, aiming to solidify its position as a leader in AI-native infrastructure.
See full Modal Labs company page
