--- title: Modal crosses $1B in Annualized Run Rate and raises... description: Modal announced it has crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B post-money valuation, with Kleiner Perkins... canonical: https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Modal crosses $1B in Annualized Run Rate and raises $750M Series D | daily.dev og:description: Modal announced it has crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B post-money valuation, with Kleiner Perkins... og:url: https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn og:image: https://api.daily.dev/og/posts/oCsE5zFPN.png og:image:alt: Modal crosses $1B in Annualized Run Rate and raises $750M Series D og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Modal crosses $1B in Annualized Run Rate and raises $750M Series D **[Modal](https://daily.dev/sources/modal_labs)** · 4 min read · 1 upvotes · 0 comments ## Summary Modal announced it has crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B post-money valuation, with Kleiner Perkins joining and existing investors participating. The company highlights rapid growth (15x year-over-year, usage tripled since its Series C five months earlier) driven by AI workloads like LLM inference, agent sandboxes, and model training. Modal built its own file system, container runtime, scheduler, and networking across 20+ clouds, and its Sandboxes product alone reached a $300M run rate with close to 3 billion sandboxes spun up. New launches include multi-node training clusters, Modal servers for HTTP serving, Endpoint Candidates, and generally available VM-based sandboxes. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding did Modal raise in its Series D round? Modal raised $750M in a Series D round at a $15.75B post-money valuation. Accel led the round, Kleiner Perkins joined as a new investor, and existing investors Menlo Ventures, General Catalyst, Redpoint, Lux Capital, and Bain Capital Ventures also participated. The raise came after Modal crossed $1B in annualized run rate. _Teams evaluating AI infrastructure vendors can follow funding and growth signals like this on daily.dev._ ### What is Modal's Sandboxes product and how big has it grown? Sandboxes is Modal's product for running isolated environments where LLM-generated code executes, launched in 2023. It has grown into a $300M run rate product on its own, with close to 3 billion sandboxes spun up and the ability to scale to a million concurrent sandboxes. Use cases include background agents, reinforcement learning, and vibecoding platforms. _Developers choosing infrastructure for agent and code-execution workloads can track platforms like Modal on daily.dev._ ## Similar posts on daily.dev - [Modal's Series C: Raising $355M at a $4.65B valuation](https://daily.dev/posts/modal-s-series-c-raising-355m-at-a-4-65b-valuation-zyhj36qwp) · Modal · 0 upvotes · 0 comments - [Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation](https://daily.dev/posts/source-inference-provider-modal-labs-closing-in-on-750m-round-at-15-75b-valuation-mz27tam0z) · TechCrunch · 0 upvotes · 0 comments - [Why AI Compute Comes in Rectangles — Erik Bernhardsson, Modal CEO](https://daily.dev/posts/why-ai-compute-comes-in-rectangles-erik-bernhardsson-modal-ceo-ga6iqaxvv) · Latent Space · 1 upvotes · 0 comments - [AI inference startup Modal Labs in talks to raise at $2.5B valuation, sources say](https://daily.dev/posts/ai-inference-startup-modal-labs-in-talks-to-raise-at-2-5b-valuation-sources-say-qowzwdkxa) · TechCrunch · 1 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Modal crosses $1B in Annualized Run Rate and raises $750M Series D","url":"https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn"},"datePublished":"2026-10-14T14:34:11.217Z","dateModified":"2026-10-16T16:44:17.428Z","description":"Modal announced it has crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B post-money valuation, with Kleiner Perkins...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/93e4046e66b99619aa71d89ec8056a04?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/93e4046e66b99619aa71d89ec8056a04?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"Modal","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"Modal","logo":"https://media.daily.dev/image/upload/s--HfKZHzC1--/f_auto/v1750946306/logos/modal_labs","url":"https://daily.dev/sources/modal_labs"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":1},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ai-agents,venture-capital","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"Modal","item":"https://daily.dev/sources/modal_labs"},{"@type":"ListItem","position":3,"name":"Modal crosses $1B in Annualized Run Rate and raises $750M Series D"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/modal-crosses-1b-in-annualized-run-rate-and-raises-750m-series-d-ocse5zfpn#faq","mainEntity":[{"@type":"Question","name":"How much funding did Modal raise in its Series D round?","acceptedAnswer":{"@type":"Answer","text":"Modal raised $750M in a Series D round at a $15.75B post-money valuation. 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