Huge congratulations to Erik Bernhardsson, Akshat Bubna, and the entire Modal team on raising an $87M Series B at a $1.1B valuation, led by Lux Capital.

Modal built what AI teams actually need: elastic GPU/CPU infrastructure, sub-second container boots, and a developer experience that doesn't make you want to throw your laptop out the window. The result is companies like Meta, Suno, Substack, and Scale AI shipping AI products to production faster than ever before.

We're proud to have backed Modal early and excited to watch them continue defining what AI-native infrastructure looks like.