Modal Labs stock & equity tools

Pre-IPO · AI

Modal Labs is pre-IPO. Plan your AMT and NSO exercise tax at any valuation: current 409A FMV, expected IPO price, or post-IPO scenarios.

Beta · invite-only · AlphaLatitude Inc. · Free Tools

About Modal Labs

Modal Labs is a privately held AI company, incorporated in Delaware and headquartered in New York, NY.

Serverless AI compute.

Equity grants at Modal Labs typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).

Erik Bernhardsson, who spent seven years building Spotify's music recommendation systems, founded Modal Labs in January 2021. Co-founder and CTO Akshat Bubna joined that August. Modal provides a serverless compute platform targeted at AI engineers: developers write Python functions and Modal handles GPU provisioning, container scaling, and job scheduling without managing infrastructure. The company raised an $87 million Series B in July 2025 led by Lux Capital, reaching a $1.1 billion valuation and unicorn status. Total funding stands at $111 million.

Sources: modal.com · siliconangle.com

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