About Modality
Modality is a Healthcare company based in Boston (United States) founded in 2022 by Laura Vitale. AI platform aids paraprofessional mental health workers in practice growth. It operates on a AI-as-a-Service model. Modality has raised $20 thousand across 1 funding round from investors including Techstars. Its chief executive, as recorded, is Laura Vitale. Modality offers products and services including Modality AI Platform. Its focus areas include Health Technology and Behavioral Health Solutions. Its legal entity in India is Amf Wellness Tech Private Limited (U74140HR2015PTC057100). Its competitors include Osmind, Valant and Therapy Brands; 2 of its 3 listed competitors have raised funding.
Company details
Behavioral health skill development is supported through an AI-driven platform by Modality. Focus is placed on providing unlimited practice and feedback to team members. Measurable and evidence-based skills are emphasized to improve quality of care. Workforce turnover is reduced, and patient engagement trainings are enhanced. Flexible scheduling for practice and review is offered, while fidelity is measured to improve outcomes in the healthcare sector.
- Headquarters Boston, United States
- Founders Laura Vitale
- SectorsHealthcare
- Website findmodality.com
- Social LinkedIn
- Legal Name Amf Wellness Tech Private Limited
- Date of Incorporation 27 Oct, 2015
- Jurisdiction Gurgaon, Haryana, India
- Indian entity revenue₹32,020
FY 2020 · +7211% YoY
- Indian entity net loss-₹7.2 Lakh
FY 2020 · -2252% margin
- Indian entity EBITDA-₹7.2 Lakh
FY 2020 · -2240% margin
- Total Equity Funding$20K (USD)
in 1 rounds
- Latest Funding Round$20K (USD), Seed
Jun 2023
- Investors
Associated legal entities of Modality
Modality operates through Amf Wellness Tech Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Amf Wellness Tech Private Limited CIN U74140HR2015PTC057100 | Strike Off | 27 Oct 2015 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details |
Products & Services of Modality
Modality offers a comprehensive portfolio of products and services, including Modality AI Platform.
AI platform for behavioral health skill development provided.
Funding Insights of Modality
Modality has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20,000
- Total Rounds 1
- Last Round Seed — $20,000
- First Round $20,000
(Jun 2023)
- Investors Count 1
All 1 funding rounds of Modality with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $20,000 | Seed | – | Techstars | – |
1 investors in total: 1 institutional.
Investors in Modality
Modality has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for Modality
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Board of directors of Amf Wellness Tech Private Limited (Modality)
Amf Wellness Tech Private Limited is the primary company behind Modality. The board of Amf Wellness Tech Private Limited currently have 2 directors; the longest-serving is Parminder Kaul, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parminder Kaul DIN 02643568 | Director | 30 Jan 2019 | 7 yrs 8 mo | Amf Wellness Tech Private Limited |
| Veer Jee Kaul DIN 03378280 | Director | 30 Jan 2019 | 7 yrs 8 mo | Amf Wellness Tech Private Limited |
People of Modality
1 people are tracked at Modality (1 in leadership).
| Name | Role | Group |
|---|---|---|
Laura Vitale | Founder & CEO | Leadership |
Complete people profiles for Modality
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Modality
Figures of Amf Wellness Tech Private Limited, the primary company behind Modality, for FY 2020. Revenue was ₹32,020 (+7211% year on year). Net loss was -₹7.2 Lakh (-2252% margin). EBITDA was -₹7.2 Lakh (-2240% margin). Revenue has grown at a compounded annual rate of -50% over three years.
- ₹32,020Revenue · FY 2020 · +7211% YoY
- -₹7.2 LakhNet loss · -2252% margin
- -₹7.2 LakhEBITDA · -2240% margin
- ₹2.4 LakhPaid-up capital
- -50%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Amf Wellness Tech Private Limited are on its company page.
Detailed financial statements for Modality
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Modality
2 dated milestones of Modality across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Modality is founded.
- Funding First funding round of $20K.
Competitors of Modality
Modality has 3 listed competitors in our database, 2 of them funded. They include Osmind, Valant and Therapy Brands.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| osmind.org | 2020 | Palo Alto, United States | $57.15M | 31 | AI-based care platform for mental health | |
| valant.io | 2005 | Seattle, United States | $28.85M | 62 | Provider of a SaaS-based EHR and practice management software for mental health providers | |
| therapybrands.com | 2013 | Birmingham, United States | Provides EHR and practice management tools for health professionals. |
Detailed competitors of Modality
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Modality (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Modality
Complete news archive for Modality
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Frequently Asked Questions about Modality
Modality was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Modality is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Laura Vitale is the CEO of Modality, as recorded in our data. They have also founded this company.
Modality is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Jun 2023.
The primary company behind Modality, Amf Wellness Tech Private Limited, reported revenue of ₹32,020 for FY 2020, up 7211% year on year.
Behavioral health skill development is supported through an AI-driven platform by Modality. Focus is placed on providing unlimited practice and feedback to team members. Measurable and evidence-based skills are emphasized to improve quality of care. Workforce turnover is reduced, and patient engagement trainings are enhanced. Flexible scheduling for practice and review is offered, while fidelity is measured to improve outcomes in the healthcare sector.
Modality's top competitors include Osmind, Valant and Therapy Brands.
Modality offers Modality AI Platform.
Modality has 1 investor. Key investors include Techstars.
Modality operates through Amf Wellness Tech Private Limited.
The legal entities of Modality currently have 2 directors, including Parminder Kaul, Veer Jee Kaul.