Modal, which charges companies only when an employee completes a course, currently has over 100 clients, most of which are from the Fortune 1000. The startup recently raised $25 million in a funding round led by Left Lane Capital, bringing its total funding to $32 million. The funds will be used to expand the team and Modal's offerings to organizations worldwide.
Key takeaways:
- Modal, a startup by Darren Shimkus and Dennis Yang, provides personalized technical skills training for companies, identifying skill gaps and creating custom plans for each team member.
- Modal's initial e-learning courses focus on data and AI, aiming to help companies rapidly develop their AI capabilities and technical acumen.
- Modal differentiates itself from traditional e-learning platforms by emphasizing real-world application and providing on-demand coaching to help learners understand key concepts.
- Modal recently raised $25 million in a funding round led by Left Lane Capital, and plans to expand its offerings to organizations worldwide.