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Modal passes $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 says usage has tripled since its Series C and grown more than 15x year over year.

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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.

Erik Bernhardsson@bernhardsson
https://x.com/i/article/2110115006419292160
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