FUNDING
Key Metrics
Valuation
$1.6B (last independent round; later acquired by Qualcomm for ~$3.9B)
As of Jul 30, 2026EstimatedValue Add Pulse research
Total funding
$380M
As of Jul 30, 2026Value Add Pulse research
Company Snapshot
Modular is a AI infra company, based in Palo Alto, California, USA, founded 2022 by Chris Lattner. Latest valuation $1.6B (last independent round; later acquired by Qualcomm for ~$3.9B) (As of Jul 30, 2026, Value Add Pulse research). Total funding $380M (As of Jul 30, 2026).
Recent changes
- Jul 30, 2026Jul 30, 2026First reported total funding: $380M Value Add Pulse enrichment
- Jul 30, 2026Jul 30, 2026First reported valuation: $1.6B (last independent round; later acquired by Qualcomm for ~$3.9B)Estimated Value Add Pulse enrichment
- Jun 30, 2026Jun 30, 2026GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift Pulse story
- Jun 30, 2026Jun 30, 2026Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software Pulse story
- Jun 24, 2026Jun 24, 2026Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat Pulse story
Earlier changes (7)
- Jun 24, 2026Jun 24, 2026Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat Pulse story
- Sep 26, 2025Sep 26, 2025Raised $250M Series C at a $1.6B valuation SDxCentral
- Sep 26, 2025Sep 26, 2025New investor: DFJ Growth SDxCentral
- Sep 26, 2025Sep 26, 2025New investor: Greylock Partners SDxCentral
- Sep 26, 2025Sep 26, 2025New investor: US Innovative Technology (Thomas Tull) SDxCentral
- Sep 26, 2025Sep 26, 2025New investor: Google Ventures (GV) SDxCentral
- Sep 26, 2025Sep 26, 2025New investor: General Catalyst SDxCentral
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 26, 2025 | Series C | $250M | $1.6B | US Innovative Technology (Thomas Tull)DFJ GrowthGoogle Ventures (GV)General CatalystGreylock Partners outlined = lead | SDxCentral |
Investors
Latest Pulse
- Jun 30, 2026GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software ShiftGV general partner Dave Munichiello discussed Qualcomm's June 24 acquisition of AI infrastructure software startup Modular in a Crunchbase Q&A published June 30, describing a return of roughly 10x on GV's total dollars invested after leading Modular's Series A at a $155 million valuation with a $23 million check. Munichiello framed the deal as validation of a shift toward 'disaggregated inference' — software that lets AI workloads run efficiently across a mix of chips rather than locking into a single hardware vendor.→
- Jun 30, 2026Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI SoftwareQualcomm's roughly $3.9 billion acquisition of Modular -- the AI-software company founded by Swift and LLVM creator Chris Lattner -- has handed early backer GV a 27x return on its initial check, the firm's Dave Munichiello revealed this week. The deal is the clearest sign yet that the strategic battleground in AI is shifting from raw silicon to the software layer that makes chips usable, as Qualcomm bets it can challenge Nvidia's CUDA moat by owning the stack that runs models across CPUs, GPUs and AI accelerators.→
- Jun 24, 2026Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA MoatQualcomm agreed on June 24 to acquire Modular, the AI-infrastructure company founded by Chris Lattner (LLVM, Swift), in an all-stock deal valued near $4 billion — its largest ever. The play: use Modular's MAX platform to run AI models across Qualcomm silicon without hand-tuning code for each chip, directly attacking the software stack that has cemented Nvidia's data-center dominance.→
- Jun 24, 2026Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA MoatQualcomm agreed to acquire Modular -- the startup behind the Mojo programming language and MAX AI platform -- in an all-stock deal worth roughly $3.9 billion. The bet is that the way to break Nvidia's dominance isn't a faster chip but an open software layer that lets AI models run efficiently across any hardware, directly challenging the CUDA lock-in.→
Coverage Timeline
newest first- Jun 30, 2026FUNDINGGV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift~10x return→
- Jun 30, 2026BIG TECHQualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software$3.9B→
- Jun 24, 2026BIG TECHQualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat$3.92B→
- Jun 24, 2026BIG TECHQualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat~$3.9B→
All Coverage
FUNDING~10x return
GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift
GV general partner Dave Munichiello discussed Qualcomm's June 24 acquisition of AI infrastructure software startup Modular in a Crunchbase Q&A published June 30, describing a return of roughly 10x on GV's total dollars invested after leading Modular's Series A at a $155 million valuation with a $23 million check. Munichiello framed the deal as validation of a shift toward 'disaggregated inference' — software that lets AI workloads run efficiently across a mix of chips rather than locking into a single hardware vendor.
BIG TECH
Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
BIG TECH$3.9B
Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
Qualcomm's roughly $3.9 billion acquisition of Modular -- the AI-software company founded by Swift and LLVM creator Chris Lattner -- has handed early backer GV a 27x return on its initial check, the firm's Dave Munichiello revealed this week. The deal is the clearest sign yet that the strategic battleground in AI is shifting from raw silicon to the software layer that makes chips usable, as Qualcomm bets it can challenge Nvidia's CUDA moat by owning the stack that runs models across CPUs, GPUs and AI accelerators.
BIG TECH
Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
BIG TECH$3.92B
Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
Qualcomm agreed on June 24 to acquire Modular, the AI-infrastructure company founded by Chris Lattner (LLVM, Swift), in an all-stock deal valued near $4 billion — its largest ever. The play: use Modular's MAX platform to run AI models across Qualcomm silicon without hand-tuning code for each chip, directly attacking the software stack that has cemented Nvidia's data-center dominance.
BIG TECH
Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
BIG TECH~$3.9B
Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
Qualcomm agreed to acquire Modular -- the startup behind the Mojo programming language and MAX AI platform -- in an all-stock deal worth roughly $3.9 billion. The bet is that the way to break Nvidia's dominance isn't a faster chip but an open software layer that lets AI models run efficiently across any hardware, directly challenging the CUDA lock-in.
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Sources & methodologyshow
Where these figures come from
- Value Add Pulse researchValue Add VC data2 facts
- SDxCentralValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.