Modal, the serverless platform for AI and data teams, has been named to the sixth annual Enterprise Tech 30—a definitive list of the most promising, private enterprise tech companies across all stages of maturity. Modal ranks number 3 on the list of the ten companies in the early-stage category.
The Enterprise Tech 30 reveals the enterprise startups who have the most potential to meaningfully shift how enterprises operate. Companies are inducted into the elite community through a selection-only process based on a successful background and substantial reach in enterprise technology. Nearly 600 venture-backed private enterprise tech companies across various stages were considered in the two-phase process by a record 112 venture capitalists and 36 corporate development teams. Inductees to the ET30 are on a fast track to change how business is done and are expected to be future IPOs and multi-billion dollar exits.
The companies are categorized by total capital raised. The Giga stage includes companies that have raised $1 billion or more; early-stage includes companies that have raised $35 million or less; mid-stage from $35 million to $150 million; and late-stage includes $150 million or more.
“We are honored to be named to the prestigious Enterprise Tech 30 list, a recognition of the hard work and innovation our team has put into building the leading serverless platform for AI and data teams,” said Erik Bernhardsson, CEO of Modal. “This achievement is a testament to the trust and support of our incredible customers like Suno and Ramp, as well as the vision and backing of our investors. We are excited to continue expanding our platform and capabilities to empower even more data and AI teams to accelerate their most ambitious projects.”
“Wing’s Enterprise Tech 30 list recognizes the most promising private, venture-back companies. These companies can’t lobby or petition to be on the list; they are named based on a ballot process that taps 100+ leading VCs and technologists,” said Peter Wagner, Founding Partner at Wing Venture Capital and founder of the Enterprise Tech 30. “Making it on the ET30 is a massive accomplishment. Congratulations to all of the listees—they serve as the backbone of how businesses operate and are paving the way for business transformation.”
For more information on the research methodology, additional insights, and to view the results, visit enterprisetech30.com.