# Modal raises USD 87 million Series B at USD 1.1 billion post-money valuation

On 2025/9/29, Modal co-founders Erik Bernhardsson and Akshat Bubna published a Series B announcement whose headline disclosed USD 87 million in funding led by Lux Capital, at a USD 1.1 billion post-money valuation, bringing total funding to USD 111 million. Modal provides cloud computing infrastructure for AI workloads.



Canonical: https://uniquebase.ai/news/688ff98b-4d05-4b1e-bf14-e2b409389dde
Stable identifier: 688ff98b-4d05-4b1e-bf14-e2b409389dde
Snapshot captured: 2026-10-15T18:31:34.288Z
English updated: 2026-10-15T23:23:59.316Z

## Connected profiles

- [Lux Capital](/institutions/lux-capital)
- [Modal](/companies/modal)

## Sources

- https://modal.com/blog/announcing-our-series-b