Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Angel, Greylock and Factory.
Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the expansion of Modular’s programming language, Mojo, CEO Chris Lattner says.
“Because we operate in a deeply technical space that requires highly specialized expertise, we intend to use this funding to support the growth of our team,” Lattner said in an email interview with TechCrunch. “This funding will not be primarily spent on AI compute, but rather improving our core products and scaling to meet our incredible customer demand.”
Lattner, an ex-Googler, co-founded Palo Alto-based Modular in 2022 with Tim Davis, a former Google colleague in the tech giant’s Google Brain researc...
