When was Modular founded?

Modular was founded in 2017 and raised its 1st funding round 5 years after it was founded.

Where is Modular located?

Modular is headquartered in Mountain View, United States. It is registered at Siguldas nov., Inčukalna pag., Griķi, "Rīgas".

Who is the current CEO of Modular?

James Reynolds of Modular. They have also founded 1 company.

How many employees does Modular have?

As of Sep 30, 2026, the latest employee count at Modular is 376.

Is Modular a funded company?

Modular is a funded company, having raised a total of $380M across 3 funding rounds to date. The company's 1st funding round was a $30M Seed round, raised on Jun 30, 2022.

How much is Modular worth?

The last known valuation of Modular was $1.6B as of Dec 01, 2025.

When was the latest funding round of Modular?

Modular's latest funding was a $250M Series C round on Sep 24, 2025, with participation from 5 investors.

Is Modular a AI Infrastructure company?

The primary sectors of Modular are AI Infrastructure and Artificial Intelligence.

Where does Modular rank among its competitors?

Modular ranks 6th amongst 516 active competitors, of which 69 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Factory, which secured $200M in Sep, 2026.

Who are the top competitors of Modular?

Modular's top competitors include Lightning, Anyscale and Weights & Biases. Among them, Factory secured the most recent funding round in September, 2026.

Modular - 2026 Company Profile, Team, Funding & Competitors

Modular is an acquired company based in Mountain View (United States), founded in 2017 by James Reynolds and Tim Davis. 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 last known valuation of $1.6B. The company has 516 active competitors, including 69 funded and 15 that have exited. Its top competitors include companies like Lightning, Anyscale 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

Acquired

Total Funding

$380M in 3 rounds

Latest Funding Round

Series C, Sep 24, 2025, $250M

Last Known Valuation

$1.6B as on Dec 01, 2025

Investors

General Catalyst & 8 more

Ranked

6^th among 516 active competitors

Employee Count

376 as on Sep 30, 2026

Investment & Acquisitions

Kinto

Similar Companies

Lightning & 1061 more

Exit Details

Acquired by Qualcomm (Jun 24, 2026)

View Modular's full profile

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)	-

Modular got acquired by Qualcomm on Jun 24, 2026.

Click here to take a look at Modular's acquisition in detail

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 9 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	-	Usitfund	DFJ Growth, Google Ventures, General Catalyst, Greylock Partners
Aug 24, 2023	$100M	Series B	$600M	-	General Catalyst	Google Ventures, SV Angel, Greylock Partners, FactoryHQ
Jun 30, 2022	$30M	Seed	-	-	Google Ventures	Greylock Partners, SV Angel, TheFactory

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View details of Modular's funding rounds and investors

The founders of Modular are James Reynolds and Tim Davis. James Reynolds is the CEO of Modular.

Here are the details of Modular's key team members:

James Reynolds: Co-Founder & CEO of Modular.
Tim Davis: Co-Founder & President of Modular.
Contact Info: 1 email address

View details of Modular's Founder profiles and Board Members

Modular's employee count trend

Modular has 376 employees as of Sep 26. Here is Modular's employee count trend over the years:

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Top competitors of Modular include Lightning, Anyscale and Weights & Biases. Here is the list of Top 10 competitors of Modular, ranked by Tracxn score:

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	NVentures, Coatue & 11 others	76/100
2nd	Anyscale 2019, San Francisco (United States), Acquired	Provider of an AI-based open source framework for building distributed applications	$281M	Andreessen Horowitz, Addition & 12 others	73/100
3rd	Weights & Biases 2017, San Francisco (United States), Acquired	Provider of machine learning model development and management solutions	$250M	Bond Capital, Felicis Ventures & 22 others	72/100
4th	DataRobot 2012, Boston (United States), Series G	Provider of an agent workforce platform for enterprise artificial intelligence	$1.05B	New Enterprise Associates, Sapphire Ventures ... & 77 others	71/100
5th	Factory 2023, San Francisco (United States), Series D	Developer of artificial intelligence solutions for industrial automation and optimization	$420M	Sequoia Capital, Khosla Ventures & 28 others	70/100
6th	Modular 2017, Mountain View (United States), Acquired	Developing next-generation AI development platform	$380M	Sherpalo Ventures, DFJ Growth & 7 others	71/100
7th	Kumo 2021, Mountain View (United States), Acquired	Provider of a SaaS-based platform for enterprises for analytics	$37M	Sequoia Capital, A.Capital Ventures & 16 others	69/100
8th	Abacus.AI 2019, San Francisco (United States), Series C	Provides AI based data models creation for data science	$90.3M	Tiger Global Management, Coatue & 22 others	66/100
9th	Graft 2021, San Francisco (United States), Acquired	Developer of an AI platform for enterprise knowledge management and search	$29M	Google Ventures, Radical Ventures & 5 others	66/100
10th	4Paradigm 2014, Beijing (China), Public	Provider of enterprise-level artificial intelligence solutions and machine learning platforms	$1.07B	Industrial and Commercial Bank of China, Hopu Investments ... & 40 others	65/100