AI growth rates are 🤯
Modal crosses $1B annualized run rate and raises $750M Series D at $15.75B valuation
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Modal says it has crossed $1B in annualized run rate and raised a $750M Series D at a $15.75B valuation, led by Accel. The company reports usage has tripled and grown more than 15x year-over-year since its Series C.
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Elad GilVerified on X
@eladgil
Today we're announcing that Modal has crossed $1B in annualized run rate, as well as raised a $750M Series D at a $15.75B valuation, led by @Accel. Since our Series C, usage has tripled and we’ve grown more than 15x year-over-year. We are deeply grateful to the developers and companies building on Modal. There's still so much more to build, and we can't think of a better time to be building software.
Source: Elad Gil · x.comPublished