Modal Labs
AI Infrastructure
Valuation
Undisclosed (Series B, 2024)
Total Funding
$67M
Profit Status
Pre-profit; usage-based revenue
Employees
~50
About Modal Labs
Modal is a serverless cloud platform built specifically for AI and ML workloads. Developers define Python functions with decorators and Modal handles GPU provisioning, container building, scaling, and scheduling automatically. There is no infrastructure to manage — an LLM fine-tuning job or a diffusion model inference endpoint can be deployed in minutes. Modal is especially popular for running batch AI jobs, hosting ML model APIs, and fine-tuning open-source models without DevOps overhead.
Company History
Founded 2021 by Erik Bernhardsson (ex-Spotify ML infrastructure lead) and Akshat Bubna. Launched 2022. Grew rapidly by offering the simplest GPU cloud experience for Python developers. Raised Series B in 2024. Became a favourite among AI researchers and startups for running diffusion models, fine-tuning LLMs, and batch inference at scale.
Company Timeline
2021
Founded by Erik Bernhardsson (ex-Spotify) and Akshat Bubna
2022
Public launch; Python-native serverless GPU cloud
2023
Rapid adoption among AI researchers and startups; Series A
2024
Series B $67M; Modal Sandboxes for code execution; 50K+ developers
Products & Services
Company Details
Focus Area
AI Infrastructure
Stage
Founded
2021
Headquarters
New York, NY
Employees
~50 (2025)
Financial Overview
Total Funding
$67M
Valuation
Undisclosed (Series B, 2024)
Profit Status
Pre-profit; usage-based revenue
Key Investors
Key People
- Erik Bernhardsson (CEO / Co-founder)
- Akshat Bubna (Co-founder)