Modal
Worth-Joining Index · Scorecard
v2.1 ALPHA · 2026-08Career Score
82/100
Coverage
100%
Verified
42%
Stage cohort
Late
Vibe Check
🎪 community voting coming soon
Latest valuation
$4.65B (Series C, 2026-05)
Total raised
~$466M total raised (Seed through Series C, as of 2026-05)
Team size
120+ employees
Traction · Key numbers
Funding
Total raised
~$466M total raised (Seed through Series C, as of 2026-05)
Rounds
3
Valuation pace
estimate
$355M
Series C · 2026-05 · valuation $4.65B post (Series C, 2026-05) · led by General Catalyst, Redpoint
With: Menlo Ventures, Bain Capital Ventures, Accel · Closed in two tranches: an initial slice at $2.5B valuation, then a higher tranche at $4.65B as investor demand surged
$87M
Series B · 2025-09 · valuation $1.1B post · led by Lux Capital
With: General Catalyst, Amplify Partners
$16M
Series A · 2023-10 · led by Redpoint Ventures
▸Sustained conviction: Redpoint backed every round from seed to Series C
▸General Catalyst led the C round with valuation up 4x+ in 8 months — strong market belief, but pricing in a lot of future growth
▸~$466M raised against $300M+ ARR is reasonably efficient, but valuation has outrun revenue growth
Founders
Erik Bernhardsson CEO
Spent six years building ML systems at Spotify (Discover Weekly, Luigi, Annoy), later CTO at Better.com
Akshat Bubna CTO
Former Scale AI engineer, IOI gold medalist
Reality · Working here
Signals & Risks
Editorial ✎
Good fit for
· Systems engineers who care about container scheduling and cold-start latency — that's Modal's real moat
· People who want to make product/growth calls inside a genuinely steep growth curve (5x ARR in 8 months)
· Those who buy into the serverless-GPU vision and are comfortable betting on two founders' technical judgment
Not for
· Anyone wanting mature org structure and settled process — at ~120 people, everything is still in flux
· Anyone uneasy about a crowded serverless-GPU/inference infra market without an airtight differentiation story
Ask in the interview
1. Valuation went from $1.1B to $4.65B in 8 months — if ARR growth slows over the next couple quarters, how does the company handle the valuation gap?
2. Against Replicate, Baseten, Together AI and other serverless-GPU/inference players, what is Modal's actual hardest-to-copy moat?
3. If the two co-founders disagree on product direction, what's the decision mechanism?
Data changelog
Community corrections → editorial review → applied, fully on the record
data as of 2026-05 · Source: Clay company funding dossier (aggregated third-party estimate) ↗
data as of 2026-05 · Source: Modal company blog (Series C announcement) ↗
data as of 2026-05 · Source: Modal company blog (Series C announcement) ↗
data as of 2026-05 · Source: Modal company blog (Series C announcement) ↗
data as of 2026-05 · Source: Modal company blog (Series C announcement) ↗
data as of 2026-05 · Source: Modal company blog (Series C announcement) ↗
Want to talk about this company?
Community members may work here or have interviewed — corrections and additions welcome too
Join the discussion