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Modular

Modular IPO

$1.6B
Series C Valuation, Sep 2025
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Modular IPO date and status

2022
Founded
Jun 2026
MA Announced
Jul 2026
MA Closed

Company details

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.
Founded
2022
Headquarters
Palo Alto, CA, United States
Founders
Chris Lattner, Tim Davis
Forge Price 1
Price not available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$1.6B
Total Funding
$377.89M
Last Funding Round
Series C

Learn more about Modular

To invest in Modular pre-IPO

Can you invest in Modular pre-IPO?

You can no longer invest in Modular with Forge. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of Modular before it goes public?

You can no longer sell shares of Modular on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my Modular shares?

Forge can no longer determine the value of Modular shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is Modular a publicly traded company?

Modular became a public company following its M&A on 07/29/2026 and is now a publicly traded company.

To learn more about Modular potential IPO

Will Modular go IPO?

Modular became a public company following its M&A on 07/29/2026.

What is Modular’s IPO price?

The IPO price of Modular is not currently available.

When was Modular founded?

Modular was founded in 2022.

What is Modular funding to date?

Modular has raised $377.89M to date.

Modular major investors

Factoryhq
General Catalyst
Greylock Partners
Gv
Sherpalo Ventures

Modular pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
09/24/2025 Series C $250.26M $7.47 $1.6B Dfj Growth, General Catalyst, Greylock Ventures, Gv, US Innovative Technology
Price per Share
$ xx.xx
Shares Outstanding
33,511,310
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dfj Growth, General Catalyst, Greylock Ventures, Gv, US Innovative Technology
08/24/2023 Series B $97.91M $3.33 $586.41M Factory, General Catalyst, Greylock Ventures, Gv, Sv Angel
Price per Share
$ xx.xx
Shares Outstanding
29,431,730
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Factory, General Catalyst, Greylock Ventures, Gv, Sv Angel
06/30/2022 Series A $29.72M $1.06 $148.62M Factory, Greylock Ventures, Gv, Sv Angel
Price per Share
$ xx.xx
Shares Outstanding
28,112,930
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Factory, Greylock Ventures, Gv, Sv Angel

Modular IPO news and media highlights

Independent IPO news coverage

AI startup Modular raises $250 million, seeks to challenge Nvidia dominance

AI startup Modular said on Wednesday it raised $250 million in a funding round valuing it at $1.6 billion, as it aims to challenge Nvidia's software stranglehold on the AI computing market.

Modular Launches AI Stack, Adds GPU Support

Modular CEO Chris Lattner can be forgiven for expressing deep frustration about the fragmentation in AI software infrastructure—especially because his AI software startup is working to rectify the situation. On top of that, he has in mind the democratization of powerful AI technology by enabling its widespread deployment across computing platforms large and small.

Modular secures $100M to build tools to optimize and create AI models

Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Angel, Greylock and Factory. Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the expansion of Modular’s programming language, Mojo, CEO Chris Lattner says.

AI software startup Modular seeks bumper Series A round to challenge Nvidia

Artificial intelligence startup Modular Inc. is said to be involved in discussions with investors including General Catalyst over a big funding round that would value it at about $600 million, according to an exclusive report late Friday by The Information.

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Enterprise Software
Subsector: Software Development
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
OpenAIOpenAI$721.85 +$0.15 (0.02%)$ xx.xxSeries C$852B$687.69$122B
AnthropicAnthropicNot available$ xx.xxSeries H-1$965B$589.01$41.29B
CohesityCohesity$15.67 +$0.01 (0.06%)$ xx.xxSeries H-1$4.69B$15.66$27.5M
DeelDeel$38.92 +$3.21 (8.99%)$ xx.xxSeries E$17.3B$38.92$300M
GenesysGenesysNot available$ xx.xxNot available------
EnvoyEnvoyNot available$ xx.xxSeries C$1.4B$3.14$111M
RelativityRelativityNot available$ xx.xxNot available------

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Top Gainers

Company Forge Price (6M Change) Market Activity Last Matched
Kalshi Kalshi $962.28 +$629.16 (188.87%)High $xxx.xx
Whoop Whoop $7.39 +$4.74 (178.87%)Medium $xxx.xx
SandboxAQ SandboxAQ $41.35 +$25.90 (167.64%)High $xxx.xx
SambaNova Systems SambaNova Systems $82.63 +$51.64 (166.63%)Medium $xxx.xx
Ayar Labs Ayar Labs $64.71 +$34.91 (117.15%)Limited $xxx.xx

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
OpenAI OpenAI $721.85 +$0.15 (0.02%)High $xxx.xx
Anthropic Anthropic Not availableMedium $xxx.xx
Databricks Databricks $264.90 +$22.86 (9.44%)High $xxx.xx
Anduril Anduril $130.03 -$1.96 (1.48%)High $xxx.xx
Figure AI Figure AI $174.00 -$20.00 (10.31%)Limited $xxx.xx

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Updated on: Jul 31, 2026

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