Modal
developer tools · Series A at the time · modal.com
Passed Aug 4, 2025 by Maya Chen. That was 15 months ago.
Conviction for Harbor Street Ventures
72 / 100
De-risking 0.50, thesis fit 0.90, traction 1.00Why you passed
“round was basically full and priced rich, couldn't get allocation”
Maya Chen's note, word for word
- Partially de-risked
Round dynamics
Cleared by: a new round announced
What changed
Akta news · Round dynamicsOct 22, 2026, 15 mo after the pass
Why AI Compute Comes in Rectangles — Erik Bernhardsson, Modal CEO — Latent Space
“Since their $5B series C, Modal now reports it crossed $1 billion in annualized run rate, raised a $750 million Series D at a $16B valuation”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 20, 2026, 15 mo after the pass
Nvidia wins fast-growing AI startup Modal for new central processors
“Modal last week raised $750 million in a funding round led by Accel at a $15.75 billion valuation”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 20, 2026, 15 mo after the pass
Modal taps Nvidia Vera CPUs after firm's internal tests show 2x throughput over Intel and AMD chips — AI agentic workflows said to favor Arm chips, but firm will keep x86 chips deployed in heterogeneo
“The announcement comes shortly after Modal secured $750 million in financing led by Accel, which valued the company at $15.75 billion.”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 19, 2026, 14 mo after the pass
Nvidia wins fast-growing AI startup Modal for new central processors - The Economic Times
“Modal last week raised $750 million in a funding round led by Accel at a $15.75 billion valuation”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 19, 2026, 14 mo after the pass
Modal Scores $750M Series D
“Modal Labs raised $750 million in a Series D round led by Accel, with participation from Kleiner Perkins and existing investors.”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 19, 2026, 14 mo after the pass
Modal says Nvidia's Vera CPU doubles throughput for its AI sandboxes
“The product makes $300M a year, Modal said last week when it raised $750M at a $15.75B valuation.”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 19, 2026, 14 mo after the pass
NVIDIA's Vera CPUs Attract Modal as Chip Rivalry Heats Up
“The startup recently raised USD 750 million in a funding round led by Accel, reaching a valuation of USD 15.75 billion.”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Akta news · Round dynamicsOct 16, 2026, 14 mo after the pass
Modal Labs Raises $750M Series D
“Modal Labs raised $750 million in a Series D round at a $15.75 billion post-money valuation, led by Accel.”
Weaker: a passing mention, or only the AI linked it to the pass risk. Source
Re-engagement note
Approving sets the Affinity status to Re-engage and files the memo to the fund's Roundtable workspace. No email is sent.