Modular
Modular is an AI software company that provides a unified developer platform, featuring the Mojo programming language and cross-GPU support.
Secondary Market Price
How Modular Measures Up
To help you manage your Modular equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Modular Prices
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Company Description
Modular is a software development company building an artificial intelligence developer platform. The company's primary focus is to unify the development and deployment of AI models, allowing them to run across various hardware systems, including those from Nvidia, AMD, and other chip makers. Its platform provides services for applications such as image recognition, language processing, and fraud detection. Founded in 2022 by Chris Lattner and Tim Davis, the company is headquartered in Palo Alto, California, and also operates with a distributed workforce. It has grown to employ between 51 and 301 people.
Looking forward, Modular aims to decouple AI software from specific hardware by rethinking AI infrastructure from the ground up. A key part of this strategy is the MAX Framework, an open framework for AI modeling and performance. Recent company developments include the launch of Mammoth, a product for enterprise-scale AI, and setting new performance benchmarks on NVIDIA's Blackwell hardware. The company also continues to develop its Mojo programming language, recently releasing a configuration management tool called mojo-dotenv and publishing technical articles demonstrating its performance capabilities against hand-tuned CUDA implementations.
- US Innovative Technology Fund
- DFJ Growth
- GV (Google Ventures)
- General Catalyst
- Greylock Ventures
- SV Angel
- Factory
- Co-Founder, Chris Lattner
- Co-Founder, Tim Davis
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Modular worth joining?
Deciding whether to join any startup is a personal choice that depends on your career goals, risk tolerance, and the overall compensation package. Tools like Prospect can help you evaluate the financial opportunity by modeling the potential future value of your equity compensation.
What should I do with my Modular stock?
Managing private company stock requires a clear strategy for when to exercise options and how to plan for taxes. Prospect builds a personalized, multi-year plan to help you make informed decisions, aiming to maximize your equity's post-tax value.
Can you sell Modular stock?
As a private company, Modular stock isn't publicly traded, but employees can often sell shares during liquidity events like tender offers or on secondary markets. Platforms like Prospect offer tools to help you determine how much to sell and which shares are most tax-optimal.
How can I find the value of my Modular stock?
The value of private stock is typically based on the company's latest 409A valuation and prices on secondary markets. To get a more forward-looking estimate, Prospect uses predictive models to project the future value of your shares based on data used by venture capitalists.
What is Modular's equity worth?
The precise worth of private equity changes with company performance, funding rounds, and market conditions. You can use a platform like Prospect to upload your equity documents and receive a data-driven projection of its potential future value.
What is Modular's stock ticker symbol?
As a private company, Modular does not have a stock ticker symbol. Ticker symbols are only assigned to companies when they list their shares for trading on a public stock exchange.
Can I buy or sell Modular stock?
For employees, "buying" stock typically means exercising your stock options, while selling is possible during specific windows like tender offers. Prospect provides customized strategies to help you decide the optimal time to exercise or sell your shares.
What is the criteria to buy or invest in Modular stock?
Investing in a private company like Modular is generally restricted to employees receiving equity compensation or accredited investors participating in formal funding rounds. For employees, the focus is on managing the equity you're granted, which is what platforms like Prospect are designed to help with.
