Modular - About the company
Modular is a series C company based in Mountain View (United States), founded in 2017 by Tim Davis, James Reynolds and Chris Lattner. It operates as a Developing next-generation AI development platform. Modular has raised $380M in funding from investors like General Catalyst, Google Ventures and Usitfund, with a current valuation of $1.6B. The company has 391 active competitors, including 64 funded and 13 that have exited. Its top competitors include companies like Lightning, Abacus.AI and Weights & Biases.
Sectors and market segments that Modular operate in
Modular serves in the High Tech, Native AI market segments.The primary business model of Modular are:Company Details
Offering next-generation AI development platform. The platform is able to integrate well-liked AI framework front-ends and improves access and portability to a variety of hardware backends and cloud settings. This platform is made up of interchangeable, modular parts that may be combined and extended to support a wide range of use cases, allowing domain experts to innovate without having to be familiar with how the entire system operates.
- Website
- www.modular.com/
- Social
- Registered Address
- Siguldas nov., Inčukalna pag., Griķi, "Rīgas"
Key Metrics
Founded Year
2017
Location
Mountain View, United States
Stage
Series C
Total Funding
$380M in 3 rounds
Latest Funding Round
Post Money Valuation
$1.6B as on Sep 24, 2025
Investors
Ranked
7th among 391 active competitors
Employee Count
366 as on May 31, 2026
Investment & Acquisitions
Legal entities associated with Modular
Modular is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MODULAR CIN: 50103779431 , Latvia, Active | Apr 14, 2014 | - | 2 (As on Dec 31, 2020) | - |
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Modular's funding and investors
Modular has raised a total funding of $380M over 3 rounds. Its first funding round was on Jun 30, 2022. Its latest funding round was a Series C round on Sep 24, 2025 for $250M. 5 investors participated in its latest round. Modular has 8 institutional investors.
Here is the list of recent funding rounds of Modular:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 24, 2025 | $250M | Series C | $1.6B | - | ||
Aug 24, 2023 | $100M | Series B | $600M | - | ||
Jun 30, 2022 | $30M | Seed | - | - |
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Modular's founders and board of directors
Founder? Claim ProfileThe founders of Modular are Tim Davis, James Reynolds and Chris Lattner. James Reynolds and Chris Lattner are the CEOs of Modular.
Here are the details of Modular's key team members:
- Tim Davis: Co-Founder & President of Modular. Contact Info: 1 email address
- James Reynolds: Co-Founder & CEO of Modular.
- Chris Lattner: CEO + Co-Founder of Modular.
View details of Modular's Founder profiles and Board Members
Modular's employee count trend
Modular has 366 employees as of May 26. Here is Modular's employee count trend over the years:
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Modular's Competitors and alternates
Top competitors of Modular include Lightning, Abacus.AI and Weights & Biases. Here is the list of Top 10 competitors of Modular, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Lightning 2017, New York City (United States), Series C | Provider of low code AI application development software | $127M | 76/100 | |
2nd |  Abacus.AI 2019, San Francisco (United States), Series C | Provides AI based data models creation for data science | $90.2M | 72/100 | |
3rd | Weights & Biases 2017, San Francisco (United States), Acquired | Provider of machine learning model development and management solutions | $250M | 72/100 | |
4th |  DataRobot 2012, Boston (United States), Series G | Provider of an agent workforce platform for enterprise artificial intelligence | $1.05B | 71/100 | |
5th | Anyscale 2019, San Francisco (United States), Series C | Provider of an AI-based open source framework for building distributed applications | $281M | 70/100 | |
6th |  Factory 2023, San Francisco (United States), Series C | Developer of artificial intelligence solutions for industrial automation and optimization | $220M | 69/100 | |
7th | Modular 2017, Mountain View (United States), Series C | Developing next-generation AI development platform | $380M | 67/100 | |
8th |  MindsDB 2017, Berkeley (United States), Series A | Developer of a platform providing business intelligence and analytics solutions | $53.7M | 67/100 | |
9th |  Tecton 2019, San Francisco (United States), Acquired | Provider of a platform for building machine learning models | $160M | 66/100 | |
10th |  Kumo 2021, Mountain View (United States), Series B | Provider of a SaaS-based platform for enterprises for analytics | $37M | 66/100 |
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Modular's Investments and acquisitions
Modular has a total of 1 investment in Kinto. Modular has not made any acquisitions as of now.News related to Modular
Filter this listMedia has covered Modular for a total of 4 events in the last 1 year.
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Coinbase Ventures Invests in Blockworks at $192M Valuation to Bridge Crypto's Institutional Trust GapTech Funding News•Apr 29, 2026•Coinbase, Blockworks, Ventures Together, 20VC Fund and 10 others
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Modular raises $250M to simplify AI deployment across hardwareSiliconAngle•Sep 25, 2025•Usitfund, Modular, DFJ Growth, Google Ventures and 2 others
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Modular Partners with Amazon Web Services (AWS) to Expand MAX Platform Reachgameishard.gg•Dec 05, 2023•Modular, Amazon Web Services
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Modular to bring NVIDIA Accelerated Computing to the MAX PlatformModular•Nov 15, 2023•Modular, Nvidia
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Modular secures $100M to build tools to optimize and create AI modelsTechCrunch+•Aug 25, 2023•Modular, General Catalyst, Google Ventures, SV Angel and 3 others
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