Modal Labs is a high-performance AI infrastructure startup dedicated to simplifying the developer experience for running data and machine learning workloads in the cloud. By providing the foundational compute power for large-scale generative models and complex batch jobs, Modal Labs' serverless platform abstracts away the complexities of container orchestration and GPU management, enabling engineers to transition from local code to cloud-scale production with sub-second cold starts and unprecedented efficiency.

Modal Labs is reportedly in talks to raise a new funding round, targeting a valuation of approximately $2.5 billion. General Catalyst is set to lead the round, as the company scales to meet the broader industry surge in AI deployment costs and computational needs.

Modal Labs, headquartered in New York, New York, United States, was founded in 2021 by Erik Bernhardsson and Akshat Bubna. As it negotiates this latest milestone, the company aims to scale its global compute network and refine its code-first infrastructure to support the next wave of AI-driven enterprise and consumer applications. By eliminating the traditional trade-offs between speed and scalability, the firm positions itself as the essential "operating system" for the modern AI developer.