Modal raises $750M Series D
What happened
Latent Space reported on October 15, 2026 that Modal's annualized revenue run rate passed $1 billion and it closed a $750 million Series D led by Accel at a $15.75 billion valuation. Usage grew more than 15x year over year, and the headline also says usage and valuation both tripled in five months. Modal's Sandboxes product reached a $300 million revenue run rate, with nearly 3 billion sandboxes launched cumulatively and support for 1 million concurrent sandboxes, used for background agents, reinforcement learning and vibe-coding platforms.
Written by AI from the coverage · updated 1 hour ago
Coverage
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- Latent Space[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
Modal 年化收入运行率突破 $1B，完成由 Accel 领投的 $750M D 轮融资，估值达到 $15.75B。其使用量同比增长超过 15x，标题称使用量与估值在 5 个月内均增长至 3x。Modal 的 Sandboxes 产品收入运行率达到 $300M，累计启动接近 30 亿个沙箱，支持 100 万个并发沙箱，用途包括后台智能体、强化学习和氛围编程平台。
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