AI-native audit technology platform Modus announced Tuesday that it has raised $85 million in seed and Series A funding, led by Lightspeed Venture Partners, with participation from Comma Capital and venture capitalist Garry Tan, president and CEO of Y Combinator.
Modus says the capital will be used to accelerate its technology development and to support its strategy of investing in and partnering with growing audit-first accounting firms.
“The funding will support continued investment in Modus’s AI platform, expansion of its audit-focused product capabilities, and additional investments in accounting firms aligned with Modus’s long-term vision,” the New York City-based company said in a media release on April 7.
Modus says its platform combines proprietary artificial intelligence, deep regulatory expertise, and a disciplined investment strategy. The company says it partners with established accounting firms “to preserve their heritage, people, and client relationships while equipping them with modern technology designed to improve audit quality, efficiency, and scalability.”
“Audits serve as the cornerstone for trust in our capital markets, yet the underlying tools and workflows have not meaningfully changed in decades,” Arush Jain, co-founder and CEO of Modus, said in a statement. “This funding allows us to invest aggressively in AI-enabled audit tooling while partnering with exceptional firms that want to lead the profession forward, without sacrificing quality or culture.”
Modus’s technology is purpose-built to help accounting firms perform complex audits, enabling auditors to automate manual procedures, enhance risk assessment, and focus more time on judgment-driven work. By combining technology with strategic investments, Modus says it aims to create a scaled platform capable of serving accounting firms that deliver audits for sophisticated clients while maintaining the trust and rigor the profession demands.
Launched in June 2025, Modus has made an investment in an unnamed top 200 accounting platform (per INSIDE Public Accounting) with more than $30 million in revenue. Through the deployment of Modus’s platform, the firm is expected to more than double their organic growth rate in 2026 with a meaningful pipeline of additional partner firms, the company says.
“Public accounting has been historically underserved by technology. Modus intends to drive the industry forward with thoughtful product philosophy and a partnership-first approach that earns the trust of each firm they invest in,” Isaac Kim and Amish Desai, partners at Lightspeed Venture Partners, said in a joint statement.
“The Modus team has driven highly effective automation in key audit workflows and meaningfully increased efficiencies for firms performing audits, and we are excited to partner with them in building the world’s first AI-native audit technology for accounting firms,” added Justin Overdorff, partner at Lightspeed Venture Partners.
Founded by Jain, Pranav Pillai, and Vinay Kasat, Modus combines deep technology and financial expertise, with team members from Palantir, Citadel, Ramp, Thoma Bravo, Bridgewater, and AWS.
The company is advised by Jim Burton, former chief auditor at Grant Thornton; Brian Blaha, former chief growth officer at Wipfli, and an unnamed former CEO of a top 10 accounting firm.
More information about Modus can be found here.
Photo caption: (From left) Vinay Kasat, co-founder and chief operating officer; Pranav Pillai, co-founder and chief technology officer; and Arush Jain, co-founder and CEO of Modus. (Modus via LinkedIn)
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
