Congratulations to Erik, Akshat, and the entire Modal team on announcing Modal’s $355 million Series C financing at a $4.65 billion valuation.

Eastlink Capital is proud to have partnered with Modal since its Series A and to have continued supporting the company through its Series B. From the early days, we believed Modal was building a critical infrastructure layer for the next generation of AI applications.

As AI workloads become increasingly complex, developers need infrastructure that is fast, flexible, and built for production at scale. Modal has emerged as a leading platform for teams building with modern AI — enabling developers to run, deploy, and scale compute-intensive workloads with speed and simplicity.

This Series C is an exciting milestone for Modal and a strong validation of the team’s vision, execution, and growing importance in the AI infrastructure ecosystem.

Congratulations again to the Modal team. We are excited to continue supporting the company in its next chapter. See Modal’s official announcement here: https://modal.com/blog/modal-series-c