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851 Swedish Modal raises $87M Series B, hits unicorn valuation with AI-native cloud platform

ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 09/30/2025 08:22 EDT

Swedish Modal raises $87M Series B, hits unicorn valuation with AI-native cloud platform

Modal, the AI-native infrastructure startup, has closed an $87 million Series B round led by Lux Capital, with participation from existing investors, bringing its total funding to $111 million and post-money valuation to $1.1 billion. The company provides a global, code-first compute platform designed specifically for AI workloads, offering instant access to pooled GPUs and […]

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