Modus, an AI-native audit technology platform and holding company, announced it has raised $85 million in seed and Series A funding to accelerate development of its AI-powered audit tools and expand partnerships with accounting firms.
The funding round was led by Lightspeed Venture Partners, with participation from Comma Capital and Garry Tan. The capital will support Modus’s strategy of investing in and partnering with audit-focused accounting firms while enhancing its proprietary technology.
Founded in 2025, Modus is focused on modernizing audit workflows through artificial intelligence, automating manual processes, improving risk assessment, and enabling auditors to focus on higher-value, judgment-driven work. The company combines technology development with strategic investments in established accounting firms, preserving their existing client relationships and expertise while upgrading their capabilities.
Since launching in June, Modus has already invested in a top 200 accounting platform with more than $30 million in revenue. The company expects that deploying its AI platform will help this partner firm more than double its organic growth rate in 2026, supported by a growing pipeline of additional firm partnerships.
Modus was founded by Arush Jain, Pranav Pillai, and Vinay Kasat, with a team that includes talent from Palantir, Citadel, Ramp, Thoma Bravo, Bridgewater, and AWS. The company is also advised by senior industry figures, including a former chief auditor at Grant Thornton and former executives from major accounting firms.
The new funding will be used to expand Modus’s audit-focused product capabilities, continue development of its AI platform, and scale its investment strategy across additional accounting firms.
KEY QUOTES:
“Audits serve as the cornerstone for trust in our capital markets, yet the underlying tools and workflows have not meaningfully changed in decades. 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.”
Arush Jain, Co-Founder And CEO, Modus
“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
“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.”
Justin Overdorff, Partner At Lightspeed Venture Partners
