Modal Raises $355 Million Series C to Expand AI Cloud Infrastructure…

Team S · 2026-05-23T15:25:21.000Z

New York-based cloud infrastructure startup Modal has secured $355 million in Series C funding to accelerate development of its AI-native compute platform powering next-generation artificial intelligence applications. The round was led by Founders Fund and included participation from Redpoint Ventures, Benchmark, General Catalyst, Y Combinator, and existing investors. Founded by Erik Bernhardsson and Stas Bekman, Modal provides serverless cloud infrastructure optimized for AI workloads, GPU orchestration, model inference, large-scale training, and high-performance computing. The platform enables developers and enterprises to deploy AI applications without managing complex infrastructure layers. Modal has emerged as one of the fastest-growing AI infrastructure companies amid exploding demand for scalable GPU compute and inference systems driven by generative AI adoption. The company’s platform supports machine learning pipelines, multimodal AI applications, autonomous agents, data processing, and enterprise-scale AI deployment workflows. The startup stated that the fresh capital will support expansion of global compute infrastructure, engineering hiring, GPU cluster scaling, and new developer tooling for AI-native applications. Modal is increasingly positioning itself as a foundational operating layer for AI startups and enterprises building large-scale AI products. The funding highlights continued investor confidence in AI cloud infrastructure, GPU orchestration, serverless computing, and developer platforms enabling the next generation of generative and agentic AI systems.

Member Login Get Access

Modal Raises $355 Million Series C to Expand AI Cloud Infrastructure… | Newnex