Modal
Modal reached a $1 billion annual recurring revenue after securing a $16 billion Series D, moving from an infra unicorn to an infra decacorn status. The company reports a $300 million run‑rate product launched in 2023 and has spun up nearly 3 billion sandbox instances, capable of supporting up to one million concurrent sandboxes. Usage has grown 3×, valuation 3× in five months, and 15× in one year. Open SWE -> SUPPORTS_PROVIDER -> Modal Deep Agents Deploy integrates with Modal sandbox provider Modal builds cloud sandboxes on NVIDIA Vera CPU Erik Bernhardsson is the CEO of Modal Basil Chatha is a cohost of Modal Akshat Bubna is the CTO of Modal Erik Bernhardsson co‑founded Modal Akshat Bubna co‑founded Modal Modal has product Sandboxes running at $300M· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- Akshat BubnaIS CTO OFModal
Akshat Bubna is the CTO of Modal
- Basil ChathaCOHOST OFModal
Basil Chatha is a cohost of Modal
- Erik BernhardssonCOFOUNDEDModal
Erik Bernhardsson co‑founded Modal
- Erik BernhardssonIS CEO OFModal
Erik Bernhardsson is the CEO of Modal
- Akshat BubnaCOFOUNDEDModal
Akshat Bubna co‑founded Modal
- ModalUSESNVIDIA Vera Rubin Ultra NVL72
Modal builds cloud sandboxes on NVIDIA Vera CPU
- ModalHAS PRODUCTSandboxes
Modal has product Sandboxes running at $300M
- Deep Agents DeployINTEGRATES WITHModal
Deep Agents Deploy integrates with Modal sandbox provider
- Open SWESUPPORTS PROVIDERModal
Open SWE -> SUPPORTS_PROVIDER -> Modal
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 4
- Why AI Compute Comes in Rectangles — Erik Bernhardsson, Modal CEO1 cited report · 2026-10-23
- European Leaders Turn to NVIDIA Vera CPUs to Build Local Infrastructure1 cited report · 2026-10-20
- [AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr1 cited report · 2026-10-15
- Deep Agents Deploy: an open alternative to Claude Managed Agents2 cited reports · 2026-10-14
Source reports 5
- Why AI Compute Comes in Rectangles — Erik Bernhardsson, Modal CEOLatent Space · 2026-10-23
- European Leaders Turn to NVIDIA Vera CPUs to Build Local InfrastructureNVIDIA Blog · first-party · 2026-10-20
- [AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yrLatent Space · 2026-10-15
- Deep Agents Deploy: an open alternative to Claude Managed AgentsLangChain Blog · 2026-10-14
- Open SWE: An Open-Source Framework for Internal Coding AgentsLangChain Blog · 2026-10-14