Tech Company Financing Transactions
Modal Labs Funding Round
General Catalyst, Redpoint Ventures and Accel Partners joined a $355 million Series C capital raise for Modal Labs. The funding round was announced on 5/22/2026.
Transaction Overview
Company Name
Announced On
5/22/2026
Transaction Type
Venture Equity
Amount
$355,000,000
Round
Series C
Investors
General Catalyst (Lead Investor)
Redpoint Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand low-latency inference primitives, streamline reinforcement learning (RL) training loops, scale its parallel sandbox infrastructure, and build out its developer team across New York, as well as San Francisco, and Stockholm.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
222 Broadway Floor 22
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
We think it's the easiest way for developers to get access to containerized, serverless compute without the hassle of managing their own infrastructure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Luis Capelo
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