Modal Labs Revenue, Valuation, Funding & Investors

Lovable is a Stockholm-based software platform that uses artificial intelligence to generate full-stack web applications from natural language descriptions. Launched in 2024, it supports building apps with built-in authentication, databases, and deployment to platforms like Vercel. The tool targets developers and non-technical users in sectors such as technology, finance, and healthcare, enabling rapid prototyping of customer-facing products like dashboards and e-commerce sites.

Reflection AI is a Brooklyn, New York-based artificial intelligence company that develops open-weight frontier foundation models and autonomous software agents. It was founded in 2024 by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, and its first product, Asimov, is a code-research agent that helps engineering teams understand and work across large codebases. The company has since repositioned around open frontier models and end-to-end AI systems sold to governments, large enterprises and public sector institutions that want full control over their AI stack. Reflection emerged from stealth in March 2025 with $130 million across a $25 million seed round led by Sequoia Capital and CRV and a $105 million Series A led by Lightspeed Venture Partners and CRV. It raised $2 billion at an $8 billion valuation in October 2025 in a round led by Nvidia, and in April 2026 closed a $2.5 billion Series C at a $25 billion pre-money valuation. In June 2026 it signed a compute agreement with SpaceX worth up to $6.3 billion, and it had about 320 employees in 2026.

Factory is a developer of AI agents named Droids that handle full software development tasks such as refactoring and migrations. San Francisco-headquartered, it integrates agents into IDEs, CLIs, browsers, and collaboration tools like Slack, offering enterprise-grade security for vendor-agnostic automation.

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions, namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications; C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications; and C3 Generative AI, which combines the utility of large language models. Geographically, the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.

OpenAI is an AI research and deployment company that develops large language models, including the GPT series, and consumer-facing products such as ChatGPT. Founded in 2015 as a nonprofit research lab, the organization transitioned to a capped-profit structure in 2019 to attract the capital needed for large-scale AI development. The company offers API access to its models for enterprise and developer use, alongside image generation through DALL-E and code-assistance tools. Headquartered in San Francisco, OpenAI has become one of the most prominent players in the generative AI space, backed by a multibillion-dollar investments from Microsoft, Amazon, NVIDIA, SoftBank and many more.

Anthropic is an AI safety company developing large language models and researching methods to make artificial intelligence more reliable and steerable. Anthropic was founded in 2021 by former OpenAI researchers including Dario and Daniela Amodei. The company's flagship product is Claude, a family of AI assistants deployed across consumer applications and enterprise APIs. Research priorities center on constitutional AI, mechanistic interpretability, and alignment techniques. Major investors include Google, Spark Capital, and Salesforce Ventures.

Sierra is a San Francisco company that builds conversational AI agents for customer service and sales, founded in 2023 by Bret Taylor, the former co-chief executive of Salesforce and chairman of OpenAI, and Clay Bavor, a longtime Google executive. Its platform lets large companies build branded agents that handle customer conversations over chat, voice and other channels, take actions in company systems and improve over time. Customers include SiriusXM, Sonos, ADT, WeightWatchers, SoFi, Nordstrom, Cigna and Singtel, and the company says it serves more than 40 percent of the Fortune 50. It launched in February 2024 and passed 100 million dollars of annual recurring revenue in 2025 and 150 million in 2026. Investors include Sequoia Capital, Benchmark, Greenoaks, Thrive Capital, ICONIQ, GV and Tiger Global. It raised 950 million dollars in a Series E in May 2026 at a valuation of more than 15 billion dollars. It acquired the voice-agent company Receptive AI in 2025 and the long-horizon agent company Takeoff in 2026.

Harvey is a San Francisco-based artificial-intelligence software company serving law firms, corporate legal departments and other professional-services organizations. Founded in 2022, it develops assistants and workflow tools for legal research, drafting, document review, transaction diligence and compliance. The platform combines foundation models with legal-domain workflows, firm knowledge and access controls. Customers use the software through recurring enterprise subscriptions and organization-wide deployments. By September 2026 Harvey said it served more than 3,000 customers across over 70 countries and had exceeded US$400 million of annual recurring revenue. The company also operated a Toronto office and served more than 100 Canadian law firms and legal teams. Ontario Teachers joined the second close of Harvey's 2026 Series H, extending the round while supporting hiring and customer growth in Canada.

Fireworks AI is a San Francisco-headquartered cloud platform for deploying open-source AI models at scale. The service offers serverless inference for large language models like Llama 3 and vision transformers with sub-100ms latency via custom GPU clusters. Fireworks partners with Cerebras and Groq for hardware acceleration, serving enterprises in e-commerce and healthcare for fine-tuned deployments.

Kling AI is a creative studio that produces images and videos using sophisticated artificial intelligence methods.

Baseten is a serverless infrastructure platform for deploying machine learning models with autoscaling GPUs, cron scheduling, and vector databases. San Francisco-headquartered and founded in 2021, it supports PyTorch and TensorFlow runtimes, powering real-time inference for 1,000+ ML teams at Fortune 500 firms. Integrations include Pinecone for RAG and LangChain for agentic workflows.

ElevenLabs is a London and Warsaw-headquartered AI company providing voice synthesis, cloning, dubbing, and generation tools. Its platform supports text-to-speech in over 29 languages, developer APIs for voice agents, and enterprise solutions for content localization. Features include instant voice cloning from short audio samples, emotional tone preservation, and audio editing capabilities used by creators and businesses worldwide.

SambaNova is a Palo Alto-headquartered enterprise AI company providing full-stack solutions from Reconfigurable Dataflow Unit silicon like the 2023 SN40L chip to software platforms including Samba Cloud for instant inference on models such as Llama and Qwen, SambaStack for on-premise deployments, and SambaManaged for efficient data center AI services deployable in 90 days.

Mistral AI is a Paris-headquartered developer of open-source large language models outperforming GPT-3.5 benchmarks. The company releases models like Mistral 7B, Mixtral 8x7B with 46.7 percent MT-Bench scores, and Pixtral 12B for vision-language tasks. Enterprises deploy these via La Plateforme API supporting 80 billion parameter models for coding, translation, and summarization. Mistral AI partners with Microsoft Azure and NVIDIA for inference hardware. Founded in 2023, it serves clients in automotive and finance across Europe and the U.S.

Instinct is a San Francisco start-up that builds a personal AI assistant, legally operated by Spear Street Technology Inc. and founded by Noah Shinn, a former Sierra employee. The assistant takes requests by text, phone call or WhatsApp and then uses a phone and a computer much as a person would, handling email, calendars, bookings, grocery orders and other everyday tasks. Access has been invite-only since a private beta that began in February 2026, and the company has about 14 employees. It raised a seed round at a $50 million valuation, a $75 million Series A led by Kleiner Perkins at $500 million, a $250 million Series B co-led by Index Ventures and Benchmark at $2.5 billion in August 2026, and a $1 billion Series C from Sequoia Capital, Benchmark and Coatue at $10 billion in September 2026. No acquisition or investment made by the company itself is documented.

Presight AI Holding PLC provides digital transformation services through big data analytics powered by artificial intelligence. It combines analytics, big data and AI expertise to serve every sector of every scale, to create business and societal value. The group’s world-class omni-analytics platform, TAQ, leverages big data and analytics to deliver cutting-edge Al technology, enabling forecasting and the anticipation of outcomes to support insight-driven, decision making that shapes policy and delivers societal impact.

Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake’s cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company’s data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.

Affle 3i Ltd Formerly Affle India Ltd is engaged in the technology business across the globe. The company is engaged in a fragmented advertising and marketing tech ecosystem by providing an end-to-end integrated mobile marketing platform. The company's AI-powered deep learning algorithms and advanced platform solutions transform ads into consumer recommendations delivering enhanced engagement. The company has single segment of ‘business of providing services in advertisement and software development’. Geographically the company operates in India only.