Modem, a Toronto, Canada-based AI product management startup, has raised $4.4 million ($6M CAD) in funding.
Investors
The pre-Seed round was led by Accel, with participation from Inovia Capital, Cohere co-founder Ivan Zhang, and Sentry co-founders David Cramer and Chris Jennings.
Founded in 1983 and headquartered in Palo Alto, Accel is a global venture capital firm that partners with exceptional founders from inception through all phases of growth. The firm has backed category-defining technology companies across consumer, enterprise, and infrastructure sectors, following a long-term, founder-centric approach. Accel operates globally, investing across North America, Europe, Israel, India, and Southeast Asia.
Modem Use of Funds
The company will use the funding to expand its AI product management platform, strengthen its team, and increase adoption among software development teams.
About Modem
Modem is an AI company that provides an AI-powered product management platform for software development teams. It uses AI to help engineering/product teams automatically organize and act on feedback from various communication channels. The platform integrates into existing workflows to curate support tickets, flag bugs, and follow up with users. Headquartered in Toronto, Canada, Modem enables developers to maintain context across rapid development cycles, particularly as AI tools accelerate software creation. Modem serves both small developer teams and enterprise clients, including Sentry.
Funding Details
Company: Modem Labs, Inc.
Raised: $4.4M
Round: Pre-Seed
Funding Date: February 2026
Lead Investor: Accel
Additional Investors: Inovia Capital, Ivan Zhang, David Cramer, Chris Jennings
Company Website: https://modem.dev/
Software Category: AI Product Management / Developer Workflow Automation
Source: https://betakit.com/modem-closes-4-4-million-usd-pre-seed-round-to-help-developers-ship-faster/