Today we're announcing that Modal has crossed $1B in annualized run rate, as well as raised a $750M Series D at a $15.75B valuation, led by @Accel. Since our Series C, usage has tripled and we’ve grown more than 15x year-over-year. We are deeply grateful to the developers and companies building on Modal. There's still so much more to build, and we can't think of a better time to be building software.

Love how engineers derive so many things from first principles

View from the Stockholm office at @modal. We are 17 people here and growing very fast – check out modal.jobs if you want this view too!

yes, working at @modal is as fun as it seems. we are casting 35 more roles across new york, san francisco, and stockholm. one could be yours ! modal.jobs

🎉 I’m very excited to share that @PrefectIO is acquiring @dagster! For years, Prefect and Dagster have raised the bar for each other and our category. That competition produced two exceptional products and two of the strongest open-source communities in the data ecosystem. Today, we’re bringing them together under one profitable company with the scale and financial strength to invest for the long term. Dagster and Dagster+ will continue as distinct products and brands, supported by many of the same people who built them. We’re committed to continued investment in both products and communities, and existing and new customers can keep using them exactly as they do today. The modern orchestration category has a new center of gravity. Our ambition extends far beyond consolidating today’s market. The next generation of automation starts with a fundamental question: how do you automate software that is, itself, autonomous? Agentic orchestration requires both a clear definition of what should be achieved and a runtime capable of following paths that can’t be known in advance. Prefect’s new portfolio gives us a fantastic foundation for that work: 🎯 Dagster brings declarative outcomes and lineage 🚦 Prefect brings flexible, durable execution 🔐 FastMCP brings governed access to the tools and data agents use We’ll draw on all three as we build a new platform for autonomous software. We’re combining two of the best orchestration teams in the world at exactly the moment the problem is becoming much bigger. I can’t wait for you to see what we’re building next. Happy engineering! Read more here: prefect.io/prefect-acquires-…

AI decacorn in the making with a Swedish founder. I've felt for a long time that @modal is the AI company that people don't talk enough about. Just incredible product, execution and talent-density. Go @bernhardsson & team. You're still early. The best is yet to come.

What you don't realize is how insane it is that you're ONLY 100 people. Revenue/employee is on point.

One of the few predictions I'm sure about: A lot of code will be written without a human sitting in front of a computer controlling that. And there's quite a few effects this will have.