Fundz

Modal raised $25M in a funding round led by Left Lane Capital to grow its team and expand its offering to organizations worldwide.

PRIVATEApr 02, 2024

Amount Raised

$25 Million

Round Type

Funding Round

New YorkSoftwareEducationE LearningTrainingCorporate Traininginformation technology & services

Investors

Left Lane Capital

Description

Modal, a startup founded by Darren Shimkus and Dennis Yang, raised $25 million in a funding round led by Left Lane Capital. The company plans to use the investment to support incoming demand and expand its offering to organizations worldwide.

Quick answer

Modal raised $25 Million in a Funding Round round, dated April 2, 2024. Investors: Left Lane Capital. Modal is based in New York, New York, United States.

How much did Modal raise?
Modal raised $25 Million in a Funding Round round on April 2, 2024.
Who invested in Modal?
Left Lane Capital is named as investors in this round.
What does Modal do?
Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads.
Where is Modal based and how big is it?
Modal is based in New York, New York, United States. Fundz records about 210 employees.
Who are the decision-makers at Modal?
Fundz holds 1 contact at Modal. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Education and E Learning around the same time

Companies in the same sectors as Modal that raised within 45 days of this round, from Fundz verified event records.

  • Ada raised an undisclosed amount (Pre-Series A) on April 6, 2024.
  • Veranda Learning Solutions Ltd raised $425M (Debt Financing) on March 28, 2024.
  • Peeplcoach raised $1.3M (Seed) on April 26, 2024.
  • INeuron raised $3.6M (Seed) on April 12, 2024.
  • Chalk Talk Solutions raised $2.6M (Seed) on April 1, 2024.
  • Recall.ai raised $10M (Series A) on May 16, 2024.

Who to call at Modal, and when

A new round usually means Modal is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Modal raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Modal, from your own LinkedIn network

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Company Information

Company

Modal

Location

222 Broadway

New York, New York, United States

About

Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads. Its platform supports the full machine learning lifecycle, from training and inference to batch processing and sandboxed environments. Modal’s technology is designed to address the growing demands of AI workloads, including generative AI inference, large language model fine-tuning, computational biotech, media processing, and other resource-intensive applications. With headquarters in New York, Stockholm, and San Francisco, Modal’s customer base includes companies working on a wide range of AI applications, from drug discovery to generative media production.

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Modal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.