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Modular Secures $250M to Compete with Nvidia in AI

9/25/2025

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Summary

Story summary

Modular raises $250 million at a $1.6 billion valuation to challenge Nvidia in AI computing.
Founded in 2022 by former Apple and Google engineers, Modular builds a neutral software layer across chips.
The round was led by the U.S. Innovative Technology Fund, with GV and Greylock participating.
Modular plans to expand its team and move into the AI training market.

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Story summary

Modular raises $250 million at a $1.6 billion valuation to challenge Nvidia in AI computing.
Founded in 2022 by former Apple and Google engineers, Modular builds a neutral software layer across chips.
The round was led by the U.S. Innovative Technology Fund, with GV and Greylock participating.
Modular plans to expand its team and move into the AI training market.