Position in SVTR
Snapshot 2026-10-24- Startup SignalsTop 25%↓23
- Training & Inference Stack#10of 28↓1
- InferenceRankedof 53↓2
- CloudRankedof 41↓1
About
Modular, founded in 2022 in Palo Alto, develops a comprehensive AI inference engine and the Mojo programming language for AI development, aiming to offer enterprises a more cost-effective alternative to Nvidia chips while seamlessly handling models from multiple frameworks on a single platform.
Full tier & rationale — an SVTR Intelligence benefit
Capital graph
Funding history
- 2025-09New funding round$250M
Investors · General Catalyst, GV, DFJ Growth, Greylock Partners, US Innovative Technology FundSource · SVTR Weekly #124
- 2023-08New funding round$100M
Investors · Factory, Greylock Partners, GV, SV Angel, General CatalystSource · SVTR Weekly #016
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Modular
A universal compute layer platform that helps developers run AI applications across different chips
Undisclosed · $350M · 2025-09
$350M
United States
BusinessLatest roundTotal raisedDate- Fireworks AI
Helps developers and enterprises customize and run open-source AI models on their own data
Series D+ · $1.8B · 2026-07 · Valuation $18B
$1.8BValuation $18B - Velaura AI
Ultra-low-power AI compute chip IP and design platform
Series A · $424M · 2026-08 · Valuation $1.0B
$424MValuation $1.0B - Prime Intellect
Decentralized AI training and compute platform providing distributed compute, a reinforcement learning framework and evaluation tools to help enterprises train their own AI agents and models; it also open-sources the INTELLECT series of foundation models.
Series A · $145M · 2026-07 · Valuation $1.0B
$145MValuation $1.0B
China
BusinessLatest roundTotal raisedDate- Moffett AI
Designs AI inference chips based on sparsity algorithms to reduce inference cost and power consumption, focusing on cloud AI accelerator cards
$139M
$139M - NanoCoreChip
3D compute-in-memory (3D-CIM) AI inference chips
Series C · $154M · 2026-09
$154M - Qingcheng.AI
AI compute system software: Chitu LLM inference engine and BaGuaLu training acceleration system, adapted to Chinese AI chips including Ascend, Hygon, MetaX and Moore Threads
Series A · 2026-10
—
Europe
BusinessLatest roundTotal raisedDate- Olix
Photonic AI inference chip (DX-1/optical tensor processing unit) that uses SRAM plus photonic interconnects to bypass the HBM bottleneck, with accompanying optical networking and rack-scale systems
Series B · $532M · 2026-08 · Valuation $3.3B
$532MValuation $3.3B - Fractile
Compute-in-memory AI inference chips and complete systems for data centers
Series B · $236M · 2026-05
$236M - SLNG
Voice AI execution-layer platform for developers and enterprises building voice agents: unified multi-model access, regional compliance routing, lower latency and cost
$4M
$4M
Other / unspecified
BusinessLatest roundTotal raisedDate- Decart
Improves the efficiency of AI models to enable fast training and real-time inference
Undisclosed · $453M · 2026-05 · Valuation $100M
$453MValuation $100M - doubleAI
doubleAI (AAI Technologies Ltd., formerly AA-I Technologies), founded in 2023 in Tel Aviv by Mobileye founder Amnon Shashua and former Mobileye CTO Shai Shalev-Shwartz, builds Maxwell, a code execution model that rewrites machine code at runtime to cut CPU/GPU compute costs without changing source code.
Series A · $220M · 2026-10 · Valuation $1.0B
$220MValuation $1.0B - Rebellions
Designs the AI inference chip Rebel100 along with companion servers and full racks, for telecom operators and data centers to run agent inference
Pre-IPO · $898M · 2026-03 · Valuation $2.3B
$898MValuation $2.3B
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
M&A deals
- 2026-06TargetQualcommAcquisitionNearly $4B