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Modal Labs Eyes $2.5 Billion Valuation Amid Growth Talks

2/12/2026

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Summary

Story summary

Modal Labs, co-founded in 2021, could be valued at $2.5 billion in discussions with venture capitalists, up from its $1.1 billion valuation after an $87 million Series B.
The company has an annualized revenue run rate of about $50 million, underscoring growth in AI inference infrastructure.
CEO Erik Bernhardsson says the talks are not active fundraising rounds but general conversations with investors.

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Story summary

Modal Labs, co-founded in 2021, could be valued at $2.5 billion in discussions with venture capitalists, up from its $1.1 billion valuation after an $87 million Series B.
The company has an annualized revenue run rate of about $50 million, underscoring growth in AI inference infrastructure.
CEO Erik Bernhardsson says the talks are not active fundraising rounds but general conversations with investors.