Modal

Modal

Employee training and skill development platform

About Modal

Simplify's Rating
Why Modal is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Education

Company Size

51-200

Company Stage

Early VC

Total Funding

$31.7M

Headquarters

San Francisco, California

Founded

2021

Overview

Modal Learning enhances employee performance through skill development, focusing on training for businesses that want to upskill their workforce. Their main product, the Modal Mastery Platform, facilitates active learning by combining live cohort sessions, hands-on labs, projects, and personalized coaching from teaching assistants. This approach encourages employees to engage with the material actively, improving retention and practical application of skills. Modal Learning operates on a subscription model, where companies pay to enroll employees in structured learning programs called Journeys, which last about eight weeks and mix on-demand content with live events. The platform also aids organizations in aligning training with business goals through strategic skills planning. By providing evidence-based career development paths, Modal Learning aims to help companies retain talent and ensure employees achieve high-level technical outcomes.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for personalized learning boosts Modal's tailored skill-building programs.
  • AI integration enhances real-time feedback and personalized learning paths on Modal's platform.
  • Hybrid work trends increase demand for Modal's flexible, remote learning solutions.

What critics are saying

  • Intense competition from established and emerging players could impact Modal's market share.
  • Focus on data and AI may limit appeal to companies seeking broader skill development.
  • Economic downturns could challenge the subscription model, affecting revenue predictability.

What makes Modal unique

  • Modal offers a unique blend of live cohort learning and one-on-one coaching.
  • The platform provides personalized skill assessments and custom learning plans for employees.
  • Modal focuses on high-demand areas like data and AI for its initial course offerings.

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Funding

Total Funding

$31.7M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

3%

2 year growth

12%
TechCrunch
Apr 2nd, 2024
Modal raises $25M to train corporate workers on data and AI

Modal raises $25M to train corporate workers on data and AI.

TechCrunch
Apr 2nd, 2024
Modal Raises $25M To Train Corporate Workers On Data And Ai

A few years ago, Darren Shimkus, ex-president of Udemy, had a conversation with Dennis Yang about skills building.Shimkus was of the belief that building skills in the corporate sector was a difficult, but not intractable, challenge — one that could perhaps be solved with the right technology. He brought it up to Yang, who had been Udemy’s CEO.“At Udemy, Yang and I solved the ‘access’ problem to learning — anyone at any company can find great video content on the skills they want to pick up,” Shimkus told TechCrunch. “But it turns out that solving access to video isn’t enough on its own.”One thing led to another, and soon, Shimkus and Yang had a new startup on their hands: Modal.Modal provides personalized technical skills training for a company’s staff, offering on-demand coaching and a pedagogical approach that groups users into semi-structured online learning communities.“Our offering assesses every member of a team, identifies gaps in their skill sets, and creates a custom plan for each team member that minimizes the ‘skill risk’ companies face in hitting their strategic goals,” Shimkus explained. “We support all kinds of goals — modernization efforts, digital transformation and even training new employees from an acquisition.”The upskilling market is a crowded space, occupied by startups like GrowthSpace, Learnsoft, Pollen, Scaler, Workera, and others. So how does Modal plan to make a splash?First, Shimkus says, by honing in on hot trends: data and AI. Modal’s initial set of e-learning courses focus exclusively on these, which seems like a wise strategic choice given today’s market.“The rise of AI is bringing more visibility to data teams than ever before,” Shimkus said

PR Newswire
Feb 10th, 2022
Modal Raises $6.7 Million as the First Mastery Platform to Help Employees Develop Technical Skills Through Cohort Learning and Coaching

/PRNewswire/ -- Modal is announcing the launch of the world's first Mastery Platform to deliver technical skills through cohort-based, hands-on learning and...

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