ModalAI, Inc.

San Diego, California

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

About

About

ModalAI, Inc., founded in 2018 (spun out of Qualcomm's robotics R&D), is a San Diego, California-based company that develops autonomy, perception, and communications systems for drones (sUAS) and robotics. Their focus is on "smaller, smarter, safer" autonomous systems, especially those that work in constrained or challenging environments (indoor, GPS-denied, etc.). Their offerings include both hardware and software: onboard AI companion computers/flight controllers, modular communication hardware, sensors, and also complete drones/development kits. These are built and assembled in the USA. ModalAI supports open architectures (e.g., PX4, ArduPilot, ROS) and designs for regulatory compliance (e.g., NDAA, Blue UAS cleared components) to serve both commercial, government, and R&D customers. They also provide custom and end-to-end design services, plug-and-play platforms, and reference/drone developer kits to accelerate development cycles. Product / Service Line Breakdown 1. VOXL Autopilot & Compute Platforms - VOXL 2: a next-generation Blue UAS Framework AI companion computer & flight controller (combined), powered by Qualcomm Flight RB5 / QRB5165, ~15+ TOPS, multiple sensor inputs, weighs ~16g. - VOXL 2 Mini: a smaller, ultra-mini SWaP-optimized version. - Other VOXL variants (e.g., VOXL Flight, VOXL Flight Deck, etc.) and modules expanding connectivity, add-ons, and SDK support. 2. Development Drone Kits / Reference Platforms - Starling 2: indoor SLAM/navigation platform with VOXL 2, suited for inspection, mapping, etc. - Starling 2 Max: similar platform for outdoor, longer flight time, and greater payload. - PX4 Autonomy Developer Kit: drone platform to enable developers to build on standard autonomy stacks. 3. FPV / Blue UAS Cleared Drones - Stinger Vision FPV: compact FPV drone cleared under Blue UAS, for applications needing low latency video, safer flight & imaging. - Seeker Vision FPV: another FPV / vision system drone under Blue UAS cleared. 4. Sensors, Communications, and Accessory Hardware - Image sensors: both for vision, FPV, low light, etc. - Modems / Communication modules: 4G, 5G, LTE, WiFi, Microhard, etc. - ESCs (electronic speed controllers), antennas, cables, expansion boards, etc. 5. Software & SDK / Tools - VOXL SDK: supports open source software frameworks like PX4, ArduPilot, ROS1/2, OpenCV, Docker, etc.; tools for vision (obstacle avoidance, VIO, SLAM) and communications. - Reference designs, documentation, and quickstarts for developers. 6. Services / Custom Engineering - Custom design / end-to-end design services (consulting, integration) for businesses needing tailored autonomy, navigation, perception, and comms solutions. - Turnkey platforms or reference systems to accelerate prototyping and reduce R&D lead time.

Keywords

Keywords

Classified

Private