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.
The world needs far more software than it can build. Cognition exists to change that.
We’ve just raised over $2B at a $48B valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir.
Since our round in May, run-rate revenue has grown from $492 M to almost $900 M.
We're expanding across Europe.
This summer we moved into a bigger Stockholm office, and today we're adding London.
We're hiring across GTM and engineering!
Read more: https://t.co/WEWFrWae6R
Registration is live for Runtime.
Apply to attend our inaugural conference for engineers running AI in production.
October 1st live at The Midway in San Francisco.
Kimi K3 is live on Modal.
Moonshot has shipped the world's first open 3T-class model, and we're a day zero launch partner.
We trained a custom DFlash speculator for K3's novel architecture so you can run it faster, losslessly. The most capable open model we've worked with by far.
Kimi K3 is live on Modal.
Moonshot has shipped the world's first open 3T-class model, and we're a day zero launch partner.
We trained a custom DFlash speculator for K3's novel architecture so you can run it faster, losslessly. The most capable open model we've worked with by far.
1/ We’ve raised over $1B at a $26B valuation, led by @Lux_Capital, @generalcatalyst, and @8vc.
Our enterprise usage has grown >10x since the start of this year, and our run-rate revenue grew to $492 M.
We launched Devin two years ago as the first AI software engineer. Since then, cloud agents have gone from niche to mainstream, and today they are the fastest growing way to create software.
Today we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint.
We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!
Introducing Applied Labs, the world's first truly AI native CX platform.
Enterprise CX companies have completely ignored the mid market, which is the hungriest buyer in software right now.
They're overpaying for tools, understaffed, and losing customers to churn signals buried across systems.
Until now.
With @_appliedlabs, you get AI agents + help desk + CRM with outcome based pricing and no per seat fees.
Full visibility into what your AI is doing, intuitive no code control over how it behaves, and zero critical errors in production.
Our process-
Hour 0: Sign up
Hour 1: Connect existing systems
Hour 2: AI Agent auto builds
Hour 3: First real result, fully auditable
It's that simple.
@claudeai Claude Code hasn't updated yet it seems, but I was able to test it using `claude --model claude-opus-4-7[1m]`
Or `/model claude-opus-4-7[1m]` from an existing session
@thomps303@claudeai I think it gets its model list from the code (it doesn't pull it from web), so until the local claude binary updates it doesn't know about 4.7
It's true – @modal has raised a $87M Series B at a $1.1B valuation to advance the future of AI infrastructure.
Thank you to @Lux_Capital, @Redpoint, @AmplifyPartners, and others.
Now more than ever, AI demands a complete reinvention of traditional compute infrastructure
We're thrilled to share Modal Notebooks: a new, powerful cloud-hosted GPU notebook. It has modern real-time collaborative editing and is backed by our AI infrastructure — swap GPUs in seconds.
Modal Notebooks are generally available, and you can start using them now. 🧵
We’ve raised over $400M at a $10.2B post-money valuation to advance the frontier of AI coding agents.
The round was led by Founders Fund with other existing investors including Lux, 8VC, Neo, Elad Gil, Definition Capital, and Swish VC all doubling down. We’re also joined by new investors including Bain Capital Ventures and D1 Capital.
Two of our early investors, Christian Lawless of Conversion Capital and Emily Cohen of Neo, have even joined our team full-time.