Modular

Modular has raised $380 million across three funding rounds, including its latest $250 million Series C, led by US Innovative Technology Fund with participation from DFJ Growth and returning investors like GV, General Catalyst, and Greylock Partners. The company’s valuation now stands at $1.6 billion, nearly tripling since its prior raise. Earlier rounds also include significant backing from top institutional investors committed to transforming AI infrastructure. Modular is building the unified compute layer for AI, enabling high-performance execution across heterogeneous hardware CPUs, GPUs, and specialized accelerators.