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# Modal raises $750M Series D at $15.75B valuation
- URL: https://www.enterprisey.com/modal-raises-750m-series-d-at-15-75b-valuation/
- Published: 2026-10-14T21:45:00.000Z
- Updated: 2026-10-26T04:17:43.000Z
- Description: AI inference cloud provider Modal closed a $750M Series D led by Accel, valuing it at $15.75B. The company says its annualized run rate has passed $1B, a marker of fast-growing demand for AI compute services.
- Author: Enterprisey Admin
- Tags: News, Funding, Cloud infra

AI inference cloud provider Modal closed a $750M Series D led by Accel, valuing it at $15.75B. The company says its annualized run rate has passed $1B, a marker of fast-growing demand for AI compute services. ([AI Weekly](https://aiweekly.co/alerts/modal-closes-750m-series-d-led-by-accel-at-1575b-valuation-crosses-1b-arr?ref=enterprisey.com); [Ground News (aggregating Axios, Bloomberg, SiliconANGLE and others)](https://ground.news/article/modal-ceo-ai-has-entered-a-new-era-of-software?ref=enterprisey.com); [Crunchbase News](https://news.crunchbase.com/venture/biggest-funding-rounds-investors-scaled-back-ai-biotech-modal/?ref=enterprisey.com))

Kleiner Perkins joined the round alongside existing investors including Menlo Ventures, General Catalyst, Redpoint and Lux Capital. Modal says it has raised $1.2B in total. ([AI Weekly](https://aiweekly.co/alerts/modal-closes-750m-series-d-led-by-accel-at-1575b-valuation-crosses-1b-arr?ref=enterprisey.com); [Ground News (aggregating Axios, Bloomberg, SiliconANGLE and others)](https://ground.news/article/modal-ceo-ai-has-entered-a-new-era-of-software?ref=enterprisey.com); [Crunchbase News](https://news.crunchbase.com/venture/biggest-funding-rounds-investors-scaled-back-ai-biotech-modal/?ref=enterprisey.com))