Modal's Sandbox product has achieved significant growth, reaching $100 million ARR despite having near-zero revenue just a year ago and negligible revenue six months prior.
This success positions Sandboxes as a breakout infrastructure product, with enough traction to be a stand-alone Series C company.
The growth is driven by a talent-dense team of fewer than 20 people, including former founders and engineers from top tech companies like Spotify, Google, AWS, Datadog, and Uber.
The Sandbox team operates out of Stockholm and NYC and serves demanding AI companies globally. The product's rapid adoption highlights its significance within the AI infrastructure space.
Modal Historical Milestones
May 23, 2026
Modal surpasses $300M ARR with $335M fundraising at a $4.65B valuation$300M
⚡ Grew from $200M to $300M ARR in just 3.2 months (beating 56% of SaaS peers)
Feb 18, 2026
Modal ARR hit $200M$200M
⚡ Grew from $100M to $200M ARR in just 2.9 months (beating 78% of SaaS peers)
Nov 20, 2025
Modal ARR hit $100M$100M
⚡ Grew from $50M to $100M ARR in just 1.7 months (beating 92% of SaaS peers)