Today we're announcing that Modal has crossed $1B in annualized run rate, as well as raised a $750M Series D at a $15.75B valuation, led by @Accel . Since our Series C, usage has tripled and we’ve grown more than 15x year-over-year. We are deeply grateful to the developers and
Modal Hits $1B ARR, Raises $750M Series D at $15.75B
Modal announced it crossed $1B annualized run rate and raised a $750M Series D at a $15.75B valuation led by Accel. Usage has tripled since its Series C, growing over 15x year-over-year.