Press Space to continue
Modal grew 15x in a year
Press Space to continue
SITUATION EXPLAINED: Modal grew 15x in a year, crossed $1 billion in run rate, and just raised $750 million at a $15.75 billion valuation. @sophiadew: "You're often hearing just about the big labs and how so much value is accruing there, but what you don't really realize is how it gets diffused across different layers of the stack as well."
modal@modal11h ago
Today we're announcing that Modal has crossed $1B in annualized run rate, as well as raised a $750M Series D at a $15.75B valuation, led by @Accel. Since our Series C, usage has tripled and we’ve grown more than 15x year-over-year. We are deeply grateful to the developers and companies building on Modal. There's still so much more to build, and we can't think of a better time to be building software.
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