Modal raised $750M in a Series D led by Accel and plans to invest part of the funding in AI product development.
- Amount
- $750M
- Stage
- Series D
- Announced
- 14 October 2026
- Lead
- Accel
- Other investors
- Kleiner Perkins, Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Bain Capital Ventures
- Use of funds
- Invest a portion in product development, including new services focused on reinforcement learning and post-training.
- Valuation
- $15.8B
- Checked
- Amount and date matched across 2 press sources