Modal Announces $25 Million Series A to Upskill Employees in AI [Yahoo! Finance]
Udemy, Inc. (UDMY)
Company Research
Source: Yahoo! Finance
The round is led by Left Lane Capital and Ensemble V C with participation from leading investment firms Signalfire and Learn Capital . This raise is a testament to Modal's product, which consistently achieves 75% graduation rates, and the unprecedented demand for AI skills across enterprises. Modal was founded by Darren Shimkus and Dennis Yang , the former President and CEO of Udemy respectively. They scaled Udemy through many years of growth through an IPO, and bring deep ed-tech experience to their new company. The co-founders started Modal with the intention to help employers reliably upskill their employees through personalized technical and AI skills training. Today, Modal's learning platform leverages 1-1 expert coaching and job-simulated projects to drive education for those who work with data. Modal is redefining how companies address skill enhancement by abandoning unlimited subscriptions with extremely low utilization and instead offering a success-based pricing model wh
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Earnings
- 2/14/24 - Beat
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Sec Filings
- 5/1/24 - Form 144
- 4/12/24 - Form ARS
- 4/11/24 - Form DEFA14A
- UDMY's page on the SEC website