- Modal secures $25 million funding to offer personalized technical skills training for staff in data and AI
- Modal's approach focuses on minimizing 'skill risk' for companies by providing on-demand coaching and a pedagogical approach
- Modal plans to expand globally, grow its team, and address the challenge of skills building in the corporate sector
Modal, a startup, secures $25 million funding to offer personalized technical skills training for staff in data and AI, aiming to minimize 'skill risk' for companies. The funding will help Modal expand globally and grow its team to meet demand.
What to know: Modal, a startup founded by Darren Shimkus and Dennis Yang, has secured $25 million in funding to address the challenge of skills building in the corporate sector. The company offers personalized technical skills training for staff, focusing on data and AI, two hot trends in today's market. By providing on-demand coaching and a pedagogical approach, Modal aims to minimize the 'skill risk' companies face in achieving their strategic goals. This strategic focus on in-demand skills sets Modal apart in the competitive upskilling market.
Deeper details: Modal's approach to e-learning stands out due to its emphasis on real-world application and coaching. Learners are paired with coaches who help contextualize key concepts, providing a unique learning experience. Unlike traditional e-learning platforms, Modal incorporates applied practice, making the learning process more practical and engaging for users. This approach has resonated with over 100 clients, primarily from the Fortune 1000, showcasing the effectiveness of Modal's offering.
A history of growth: The recent $25 million funding round led by Left Lane Capital has brought Modal's total funding to $32 million. With this investment, Modal plans to expand its team to meet growing demand and extend its services to organizations globally. The company's business model, which charges companies only when a staffer completes a course, has contributed to its success in attracting clients. Modal's focus on addressing the upskilling needs driven by the rise of generative AI positions it as a valuable partner for companies navigating the evolving workplace landscape.
