Zero Prime Ventures
10/14/2026 | Press release | Archived content
Modal: $750M Series D to Build the Cloud for AI
News
October 14, 2026
Modal: $750M Series D to Build the Cloud for AI
Huge congratulations to Erik Bernhardsson, Akshat Bubna, and the entire Modal team on raising a $750M Series D at a $15.75B post-money valuation, led by Accel, with Kleiner Perkins joining and all existing investors participating, including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners, and Bain Capital Ventures.
Modal has crossed $1B in annualized run rate and grown more than 15x year-over-year, with Sandboxes alone now a $300M run-rate product powering background agents, reinforcement learning, and much more.
We're proud to have backed Modal early and excited to watch them continue defining what AI-native infrastructure looks like.
Read the announcement on the Modal blog.
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Zero Prime Ventures published this content on October 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 22, 2026 at 23:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]