FundingFundingCloud

Modal crosses $1B annualized run rate, raises $750M Series D at $15.75B

TechgainAuthor

3 min read · 25 October 2026

Serverless AI-cloud Modal crossed $1 billion in annualized run-rate revenue and raised a $750 million Series D led by Accel at a $15.75 billion valuation — less than five months after its previous $355 million round.

Summary

$750M Series D led by Accel; Kleiner Perkins also in
Valuation: $15.75B post-money
$1B annualized run-rate crossed alongside the raise
Comes <5 months after the prior $355M round

Sources (2)

modal.com/blog/1-billion-annualized-run-rate-series-d
llm-stats.com/llm-updates

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Modal crosses $1B annualized run rate, raises $750M Series D at $15.75B

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