Modal is a serverless cloud platform that lets developers run compute-intensive AI and data workloads - inference, training, fine-tuning, batch jobs, and sandboxed code - without managing infrastructure. Built from scratch in Rust with a custom container runtime, file system, and GPU memory snapshotting, it delivers sub-second cold starts and elastic autoscaling from zero to thousands of GPUs, billed by the second. Founded in 2021 by Erik Bernhardsson and Akshat Bubna, the New York-based company reached roughly $300M in annualized revenue and raised a $355M Series C in 2026 at a $4.65B valuation.
Jareau Wadé is a payments entrepreneur, operator, and writer who has spent roughly 15 years building commerce and payments infrastructure. He co-founded Balanced (acquired by Stripe in 2015) and helped scale Finix as its Chief Growth Officer, and now leads product partnerships at Ramp. He writes Batch Processing, a widely-read newsletter dissecting the people, companies, and ideas driving fintech. A Tucson native and UPenn-trained electrical engineer who taught in Ghana before the Bay Area, he relocated to Atlanta and invests in and advises early-stage founders, with a focus on Black entrepreneurship.