Modal completes a $750M Series D round at a $15.75B post-money valuation

Modal has completed a $750M Series D round, reaching a post-money valuation of $15.75B, while its ARR has surpassed $1B. Related reports emerged on October 15, 2026. Earlier reports said Modal completed a $16 billion Series D round, reached $1 billion in ARR, and became New York's newest AI infrastructure unicorn; later reports said Modal's ARR exceeds $1B and that it completed a $750M Series D round at a post-money valuation of $15.75B. The two reports differ in their statements of the funding amount and ARR, and there is currently no further factual clarification of the subsequent status.

AI-generated from public reports

1. Oct 15· 2 reports

   Modal ARR exceeds $1B, Series D funding $750M, post-money valuation $15.75B

   Source:Latent Space