Modal Labs
Latest round
- Series D
Last raised
- Oct 2026
Total raised
- $1B
Investors
- 12
About Modal Labs
, formerly known as Polyester, Inc, operates as a provider of an online platform for developers, allowing them to run code in the cloud. In September 2026, Modal Labs, Inc. The company provides a cloud-based platform that allows developers to run any code remotely, define container environments in code, scale up horizontally to thousands of containers, deploy and monitor persistent cron jobs, attach GPUs with a single line of code, serve functions as web endpoints, use powerful primitives like distributed dictionaries and queues, and more. The platform serves multiple customers, with applications ranging from generative AI to biotech and 3D rendering. Modal Labs generates revenue from the subscription of its platform packages, which include organization (USD 100 compute per month) and enterprise (custom pricing).
Who invested in Modal Labs
12 investors across 5 rounds
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Questions about Modal Labs
Who invested in Modal Labs?
Modal Labs has 12 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Modal Labs raised?
Modal Labs has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Modal Labs last raise money?
Modal Labs's most recent round on record is a Series D, in Oct 2026.
What does Modal Labs do?
, formerly known as Polyester, Inc, operates as a provider of an online platform for developers, allowing them to run code in the cloud.
Where is Modal Labs headquartered?
Modal Labs is headquartered in New York, US.
Which VCs invest in companies like Modal Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Modal Labs's stage. Their profiles are linked below.
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