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

Seed

Total Funding

$30.8M

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, combines live cohort learning with hands-on labs, projects, and personalized coaching from teaching assistants. This active learning approach helps employees engage with the material, improving retention and practical application of skills. Modal Learning operates on a subscription model, where companies pay to enroll employees in structured eight-week programs called Journeys, which mix on-demand content with live events. The platform also supports strategic skills planning to align training with business goals. By providing evidence-based career development paths, Modal Learning aims to help organizations retain talent and ensure employees achieve high-level technical outcomes.

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Significant Headcount Growth
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Funded Recently
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized learning experiences boosts Modal's market potential.
  • Growing emphasis on data and AI skills aligns with Modal's course offerings.
  • Subscription model provides steady revenue and predictable growth for Modal.

What critics are saying

  • Competition from established players and emerging startups could dilute Modal's market share.
  • Focus on data and AI may limit appeal to companies seeking broader skill development.
  • Economic downturns could reduce corporate spending on employee training, impacting revenue.

What makes Modal unique

  • Modal offers personalized technical skills training with on-demand coaching.
  • The platform uses cohort-based learning to enhance engagement and retention.
  • Modal's strategic skills planning aligns training with business goals.

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Funding

Total Funding

$30.8M

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

-2%

1 year growth

2%

2 year growth

2%
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

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.

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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