✦ AI AI Company Comparison

Modal vs OpenAI — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Data for Modal last verified: May 23, 2026. OpenAI: verified May 26, 2026.
Metric Modal OpenAI
Valuation$200M$852B
Total Funding$36M$55.4B
IPO StatusPrivatePre-IPO
SectorEnterprise SoftwareArtificial Intelligence
StageSeries BPre-IPO
HeadquartersNew York, NYSan Francisco, CA
CEOErik BernhardssonSam Altman
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Modal

Modal provides cloud compute for AI and data science workloads, enabling ML engineers and data scientists to run Python, GPU, and serverless workloads in the cloud without managing infrastructure. Valued at 200M USD with 60M raised, Modal competes with Baseten, Vercel, and AWS SageMaker in the 50B+ ML deployment market.

IndustryEnterprise Software
StageSeries B
IPO StatusPrivate
Valuation$200M
Total Funding$36M
HeadquartersNew York, NY

OpenAI

OpenAI is valued at $852B — the world's most valuable AI company, backed by $27B in funding. Track IPO readiness score, funding rounds, and timeline.

IndustryArtificial Intelligence
StagePre-IPO
IPO StatusPre-IPO
Valuation$852B
Total Funding$55.4B
HeadquartersSan Francisco, CA

Frequently Asked Questions

What are the valuations of Modal and OpenAI? +

Modal is valued at $200M. OpenAI is valued at $852B. Both valuations are based on the most recent private funding rounds tracked by TechStackIPO.

How much has each company raised? +

Modal has raised $36M. OpenAI has raised $55.4B.

What is the IPO status of Modal and OpenAI? +

Modal is currently private. OpenAI is currently pre-IPO. Track both on TechStackIPO for S-1 filings and IPO announcements.

Are Modal and OpenAI in the same sector? +

Modal operates in Enterprise Software, while OpenAI operates in Artificial Intelligence.

What are the main differences between Modal and OpenAI? +

Modal is a Enterprise Software company valued at $200M with $36M raised. OpenAI is a Artificial Intelligence company valued at $852B with $55.4B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor data.

How can I invest in Modal or OpenAI before their IPO? +

Accredited investors can access pre-IPO shares in Modal and OpenAI through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.