Modal, California-based skill-development platform for data and analytics professionals has managed to gather funds to the tune of $25m in a Series A funding, led by Left Lane Capital and Ensemble VC. Other participants in the round were Signalfire and Learn Capital.
Darren Shimkus and Dennis Yang, founders of Modal, intend to use the capital to improve the platform and its features. Hiring is also on the cards along with the expansion of capabilities.
While Shimkus was formerly president of Udemy, Yang was the CEO. Udemy allows any employee from any organisation to learn skills of their choice using video content.
As a learning platform, Modal aims to provide employees with the skills required to work better and be more productive. The learning is imparted via courses, real-world exercises, one-on-one coaching sessions, simulated projects, labs, and so on, allowing learners to learn alongside industry experts. The platform offers real-time support and self-paced learning.
Modal just recently launched Organizational Development Plans [ODP], designed to help companies connect their goals to specific skills their teams need. This program is meant to drive company objectives, such as improving the business impact of their data work or accelerating the overall transformation of their organization to be more data-driven.
In India, many upskilling platforms are operational including, upGrad, Unacademy, Coursera,Simplilearn, EduGorilla and edX among others.