# Modal Labs

> Modal Labs raised $355M at a reported $4.65B valuation as enterprise AI coding drove ARR from ~$60M to $300M in months — here's what that means for builders.

## Why it is interesting

Every company is shipping AI features. Few have the infra team to run them reliably at scale. Capital is betting that the winners sell picks and shovels — GPU access, serverless orchestration, dev tooling — not just another chat wrapper. Modal Labs raised $355M at a reported $4.65B valuation as enterprise AI coding drove ARR from ~$60M to $300M in months — here's what that means for builders.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** ai-ml, fintech, enterprise-saas, infra-cloud
- **Coverage:** full
- **Last updated:** 2026-05-22

## Key facts

- Disclosed financing: $355M (Series C)
- Covered in 1 Venture Capital Tracker article(s)

## Related articles

- https://venturecapitaltracker.com/2026-modal-labs-355m-series-c-ai-infrastructure-nyc

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Source: https://venturecapitaltracker.com/startup/modal-labs