Modal CEO Erik Bernhardsson on Company Revenue and Recent Funding
Erik Bernhardsson, co-founder and CEO of Modal, discusses the company's recent milestone of reaching $1 billion in annual revenue and its recent $750 million Series D funding round led by Accel at a valuation of $15.75 billion.
“now modal just hit a billion in ar they just raised 750 million dollars led by excel and they're priced at 15.75 billion dollars today”
Harry Stebbings
Heard on The Twenty Minute VC (20VC) — “20VC: Who Wins the Inference Market | Has Open-Source LLM Inference Peaked? | What Happens to the Cost of Compute | The Real Limits of Post-Training and RL with Erik Bernhardsson, Modal CEO”, published Monday, November 2, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.