Modal Labs

Overview
News
Machine Learning Infrastructure?
Product stageSegments
Early
?
Model Deployment and Serving
?

Modal Labs provides a cloud-based AI model deployment platform that helps data teams and AI app developers run code in the cloud without the need to configure the required infrastructure. The company built its container system from scratch using the Rust programming language. Additionally, the platform offers storage, endpoints, and observability features while supporting parallel processing for faster data processing.

The platform can be used for various use cases, including language models, image, video, 3D applications, and audio applications. The company provides access to the platform through a subscription-and-usage-based model, determined by the amount of compute processing used per month.

Key customers and partnerships

Its notable customers include Ramp, Tesla, Hunt, and Carbonfact.

Funding and financials

In October 2023, Modal Labs raised USD 16 million in Series A funding led by Redpoint Ventures. It was to use the funds for product development and recruitment.

HQ location:
New York, New York, United States, North America New York NY USA
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 23.0 mn
Last Funding:
USD 16.0 mn (Series A; Oct 2023)
Last valuation:
-
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Product Overview
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Company profile
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