Modular Raises $250M to Scale AI's Unified Compute Layer
21 hours ago
- #AI Infrastructure
- #Unified Compute Layer
- #Generative AI
- Modular raised $250M in its third financing round, bringing total capital raised to $380M and valuing the company at $1.6B.
- The round was led by Thomas Tull’s US Innovative Technology fund, with participation from DFJ Growth and existing investors like GV, General Catalyst, and Greylock.
- Modular is building a unified AI compute layer to maximize efficiency, resilience, and cost reduction for AI workloads.
- The platform is already in high demand, with 10K+ monthly downloads, 24K+ GitHub stars, and 100K+ developers across 100+ countries.
- Modular’s platform includes Mammoth (Kubernetes-native control plane), MAX (GenAI serving framework), and Mojo (systems programming language).
- The company has achieved state-of-the-art performance, reducing latency by 70% and costs by 80% for partners.
- Modular is expanding support to new hardware like Apple GPUs and upcoming ASICs, with 20–50% performance gains over competitors.
- The funding will help scale the platform natively in the cloud and extend support across cloud and edge hardware.
- Modular is hiring across North America and Europe to further its mission of unifying AI infrastructure.