Erik Bernhardsson, CEO of Modal: Modal powers cloud infrastructure for AI

<p>Modal gives AI startups the computing power they need to run their products, and a safe way to run code their AI writes on its own. Its revenue has grown 5x this year and is now closing in on $1bn annually, backed by a recent $355m raise to keep up with demand.Erik Bernhardsson is CEO at Modal. He&#39;s certain AI startups will keep needing more computing power than anyone expects, and that demand is contributing to Modal&#39;s growth.The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjkSponsors:SurrealDB: ⁠https://surrealdb.com/⁠Airwallex: ⁠https://www.airwallex.com/uk?utm_source=other&amp;utm_medium=partner_referral&amp;utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope⁠Lovable: ⁠https://lovable.dev/⁠Parloa: https://www.parloa.com/Conveo: https://conveo.ai/NatWest: https://www.natwest.com/WWT: https://www.wwt.com/Timestamps:0:00 - Introduction0:21 - What Modal does0:57 - Modal&#39;s $355m round and revenue growth1:51 - How Modal forecasts and buys computing power ahead of demand3:40 - Why most of Modal&#39;s growth comes from AI-native startups7:04 - Modal&#39;s biggest use cases: inference, sandboxes and coding models9:07 - The shift toward cheaper Chinese and open-source AI models12:21 - Modal&#39;s expansion into London and Stockholm19:44 - What Erik learned building Spotify that he&#39;s applied at Modal23:14 - The one part of the job Erik still can&#39;t delegate27:19 - Why Erik expects capital efficiency to matter again33:32 - Modal&#39;s path to $1bn in annual revenue</p>