Modal builds serverless infrastructure for running AI models and LLM applications at scale.
$355MSeries C
A $355M Series C for LLM infra in mid-2026 signals the market has moved past 'will enterprises adopt AI?' to 'how do we actually run this stuff cheaply and reliably?'—Modal's bet is that serverless beats traditional GPU clouds for variable workloads. If you're building any tool that needs to call models on-demand (agents, RAG systems, batch processing), watch how Modal prices compute vs. alternatives; that unit economics floor will constrain what's viable in your category.