Modular is an AI software development company designed to improve company productivity and decrease costs by rewriting the engineering stack. With features such as drop-in compatibility, integrations with existing AI stacks, and compliant data protection and privacy, Modular was built to scale multi-hardware business innovations. Modular was founded by Chris Lattner and Tim Davis in 2022 and is headquartered in Palo Alto, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/24/2023 | Series B | $100MM | $xx.xx | $586.41MM | General Catalyst, GV, SV Angel, Greylock, Factory | |
Price per Share
$xx.xx
Shares Outstanding
3,006,061
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
General Catalyst, GV, SV Angel, Greylock, Factory
|
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06/30/2022 | Series A | $29.72MM | $xx.xx | $148.62MM | GV, �Greylock, �Factory, �SV Angel | |
Price per Share
$xx.xx
Shares Outstanding
2,811,293
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, �Greylock, �Factory, �SV Angel
|