Founded Year

2022

Stage

Series C | Alive

Total Raised

$380M

Valuation

$0000 

Last Raised

$250M | 2 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+75 points in the past 30 days

About Modular AI

Modular specializes in accelerating the pace of artificial intelligence (AI) through its modular accelerated execution (MAX) platform within the artificial intelligence sector. The company offers a unified set of tools and libraries for deploying low-latency, high-throughput, real-time AI inference pipelines and facilitates the development and optimization of AI models across various hardware platforms. Modular primarily caters to AI engineers and developers. It was founded in 2022 and is based in Palo Alto, California.

Headquarters Location

228 Hamilton Avenue 3rd Floor

Palo Alto, California, 94301,

United States

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Expert Collections containing Modular AI

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Modular AI is included in 4 Expert Collections, including AI 100 (2024).

A

AI 100 (2024)

100 items

A

Artificial Intelligence (AI)

20,629 items

A

AI 100 (All Winners 2018-2025)

100 items

U

Unicorns- Billion Dollar Startups

1,297 items

Latest Modular AI News

08:00 ET Oracle Becomes the Destination of Choice for AI Innovators

Oct 14, 2025

News provided by Share this article Share toX Baseten, Luma AI, Mithril, Modular, Rime, Tensor, and many more AI startups globally have selected Oracle Cloud Infrastructure to deliver faster, more cost-efficient AI at global scale LAS VEGAS, Oct. 14, 2025 /PRNewswire/ -- Oracle AI World -- AI innovators are building the next wave of AI breakthroughs on Oracle Cloud Infrastructure (OCI) AI infrastructure  and  OCI Supercluster , which deliver the performance, reliability, and scale required for large-scale AI training, fine-tuning, and inference. Baseten, Luma AI, Mithril, Modular, Rime, Tensor, and many other AI startups and global enterprises have selected OCI for its low-latency networking, high-performance storage, cost efficiency, flexible compute options, and access to the latest GPUs. "AI organizations are under pressure to move fast and cannot afford infrastructure that slows them down," said Karan Batta, senior vice president, Oracle Cloud Infrastructure. "With access to some of the world's largest AI clusters, powered by OCI's high-speed network, advanced storage, and fault-tolerant architecture, we give them a distinct advantage by helping them train models faster, run workloads more efficiently, and minimize costly disruptions." OCI has rapidly become a destination of choice for training and inference, supporting everything from small experiments to the world's largest generative AI deployments. With high-performance GPU clusters, a purpose-built network for AI, and Oracle's engineering expertise, organizations can train and deploy AI models at scale and with confidence while running diverse workloads such as model development, digital twins, image processing, and physics-based simulation faster. Innovators Turn to OCI to Accelerate AI Progress Baseten  is a leading inference platform for the AI application layer, designed to handle demanding production workloads and help companies serve AI models quickly and at scale. Running on OCI and accelerated by NVIDIA computing across global data centers, Baseten delivers low-latency, high-performance inference for the most demanding AI workloads. With OCI's global infrastructure, Baseten scales seamlessly to support enterprises worldwide. "Baseten operates one of the most complex AI inference infrastructures in the world, spanning thousands of NVIDIA GPUs and multiple global regions," said Tuhin Srivastava, co-founder and CEO, Baseten. "Traditional infrastructure cannot keep up with this scale, but with OCI we have access to the high-performance GPUs, storage, and networking that have fueled our rapid growth. OCI's global reach enables us to deliver reliable, low-latency inference that meets customer SLAs, supports unique deployment requirements, and ensures data sovereignty as enterprises accelerate AI adoption." Luma AI  is a frontier generative AI company building multimodal intelligence for creative work. Its flagship platform, Dream Machine, now includes Ray3, the world's first reasoning video model and the first to generate true 16-bit HDR EXR. With Ray3, Luma AI empowers filmmakers, advertisers, and game developers to move from idea to final cinematic video faster than ever while meeting the technical standards of professional production. Running on OCI, Luma AI delivers the high-performance inference and scalability required to serve millions of creators worldwide. "At Luma AI, we believe intelligence must be at the center of AI," said Amit Jain, co-founder and CEO, Luma AI. "Creative work is one of the most demanding tasks humans do, and speed is the top consideration for our users. With OCI, we can deliver models that not only think through complex creative intent but also move at the pace of culture, producing cinematic-quality video with unprecedented speed and fidelity." Mithril , formerly known as Foundry, is an AI Omnicloud platform that makes compute access simple, scalable, and cost-efficient. OCI AI infrastructure delivers the high-performance GPUs, storage, and networking that help power Mithril's platform. By integrating OCI capacity directly into its Omnicloud, Mithril provides practitioners with reliable, enterprise-grade compute that scales to meet demand, while OCI's support ensures workloads run with consistency, performance, and quick issue resolution. "AI teams often struggle with issues spanning capacity, cost, and complexity," said Jared Quincy Davis, founder and CEO, Mithril. "In partnership with Oracle, we are excited to expand our infrastructure footprint, marrying the elasticity and ease-of-use of Mithril's platform with OCI's ability to deliver capacity at large scale without compromising performance and reliability. With the power of OCI, our platform can address the full spectrum of ecosystem challenges and will unlock and accelerate the next wave of AI progress." Modular is a next-generation AI platform that unifies development and deployment, making it easy to build, optimize, and run models across CPUs, GPUs, and other types of hardware. Modular chose OCI for its high-performance, bare metal infrastructure, and broad GPU catalog to run AI workloads efficiently at scale. "At Modular, we're building AI's universal compute layer—a hypervisor for AI inference," said Chris Lattner, co-founder and CEO, Modular. "Our high performing inference infrastructure, powering trillions of tokens for enterprises, is helping make AI universally accessible across any hardware. OCI's world-class AI infrastructure and deep technical expertise allow us to push the boundaries of inference optimization and accelerate our mission to democratize high-performance AI." Rime  is a voice AI company that offers foundation voice models combining advanced machine learning and deep linguistic expertise to deliver ultra-realistic, multilingual conversational voices that power real-time voice applications. With OCI Compute bare metal instances built on NVIDIA accelerated computing, Rime can rapidly iterate models and accelerate breakthroughs while avoiding the burden of day-to-day infrastructure management. By achieving compute performance two to three times greater than its previous cloud provider, Rime is advancing voice AI innovation at unprecedented speed. "Rime powers tens of millions of conversations every month across industries from food service to healthcare, and every voice model we build must capture the realities of enterprise communication, including accents, dialects, demographics, and real-world patterns," said Lily Clifford, founder and CEO, Rime. "Meeting this scale requires massive compute performance, and with OCI AI infrastructure we can train and deploy faster, focus on innovation instead of infrastructure, and deliver the ultra-realistic voices our customers rely on." Tensor , an American AI company dedicated to building agentic products for individual consumers, is using OCI AI infrastructure to develop its Tensor Foundation Model. This model powers perception, prediction, and planning for the Tensor Robocar, the world's first fully autonomous and agentic vehicle built for private ownership. With OCI, Tensor has been able to accelerate AI training and large-scale simulations, helping bring its robocar and future AI projects to market faster. "Tensor's core priority is to launch the world's first personally owned Level 4 robocar and create a new category of autonomous vehicles built around personal ownership," said Hugo Fozzati, Chief Business Officer, Tensor. "With OCI, we can deliver on that vision by scaling advanced AI infrastructure, meeting global safety and regulatory standards, and managing the massive compute demands of our vertically integrated autonomy stack. OCI allows us to provide a safe, privacy-first mobility experience for individual owners that positions Tensor as a leader in autonomous vehicles and embodied agents as we move toward production." Additional Resources About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL ), please visit us at  oracle.com . About Oracle AI World Oracle AI World is where customers and partners discover the latest product and technology innovations, see how AI is being applied across industries, and connect with experts and peers. Attendees will gain practical tips and insights to drive immediate impact within their organizations and explore how Oracle is helping unlock the full potential of cloud and AI. Join the event to see new capabilities in action and hear from thought leaders and industry movers. Register now at oracle.com/ai-world  or follow the news and conversation at oracle.com/news  and linkedin.com/company/oracle . Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. SOURCE Oracle

Modular AI Frequently Asked Questions (FAQ)

  • When was Modular AI founded?

    Modular AI was founded in 2022.

  • Where is Modular AI's headquarters?

    Modular AI's headquarters is located at 228 Hamilton Avenue, Palo Alto.

  • What is Modular AI's latest funding round?

    Modular AI's latest funding round is Series C.

  • How much did Modular AI raise?

    Modular AI raised a total of $380M.

  • Who are the investors of Modular AI?

    Investors of Modular AI include Google Ventures, Greylock Partners, General Catalyst, DFJ Growth Fund, US Innovative Technology Fund and 8 more.

  • Who are Modular AI's competitors?

    Competitors of Modular AI include Deeploy and 5 more.

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