How Much Did ModalAI Raise?
Funding & Key Investors

ModalAI has successfully secured a significant capital injection, bringing its total funding to $150K. This latest financing round, which contributed $150K to the company's balance sheet, underscores the growing market demand for advanced robotic perception and communication systems. As a key player in the autonomy sector, the firm continues to leverage its deep technical roots to scale operations and solidify its position within the competitive landscape of drone and robotics development.

What is ModalAI?

ModalAI
ManufacturingTelecommunication EquipmentBusiness Services

Headquartered in San Diego, California, ModalAI operates at the intersection of high-performance computing and autonomous robotics. Spun out of Qualcomm in 2018, the company provides a comprehensive suite of perception and communication platforms designed to accelerate the time-to-market for manufacturers and independent builders. By offering both bespoke design services and modular, plug-and-play computing solutions, ModalAI addresses the critical need for reliable, U.S.-manufactured hardware in the rapidly evolving autonomy ecosystem. Their technology stack is built upon years of rigorous research, enabling sophisticated navigation and intelligence for unmanned aerial vehicles and ground-based robots.

How much funding has ModalAI raised?

ModalAI has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

Key Investors in ModalAI

PPP

Public-Private Partnership

What's next for ModalAI?

With this recent strategic investment, ModalAI is well-positioned to transition from its foundational development phase into a period of aggressive market expansion. The company is expected to utilize this capital to enhance its manufacturing capabilities and broaden its product portfolio, catering to an increasing array of industrial and commercial applications. As the demand for autonomous systems continues to surge, ModalAI's focus on domestic production and high-fidelity perception systems will likely serve as a competitive moat. Future growth will likely center on scaling its supply chain and deepening its integration within the global robotics supply chain, ensuring that innovators have the necessary tools to deploy autonomous solutions at scale.

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Frequently Asked Questions Regarding ModalAI Financial Insights

What are the most recent funding rounds that ModalAI has completed, and what were the funding rounds?
ModalAI has recently completed 1 funding rounds: Debt on Apr 14, 2020.
What is the total amount of funding ModalAI has raised to date?
ModalAI has raised a total of $150K in funding to date.
How many funding rounds has ModalAI completed?
ModalAI has completed 1 funding rounds.
How much funding did ModalAI raise in its most recent funding round?
ModalAI raised $150K in its most recent funding round.
Who are the lead investors in ModalAI's latest funding round?
The lead investor in ModalAI's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ModalAI's history?
The largest funding round in ModalAI's history was $150K.
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