Modus is Building an AI-Native Accounting Firm, Secures Funding from Lightspeed

Modus, the right partner for ambitious accounting firms, led by Arush Jain, Vinay Kasat, Pranav Pillai, and the team, has raised $85 million in Seed & Series A funding, led by Lightspeed Venture Partners, with participation from Comma Capital and Garry Tan. The capital will accelerate Modus’s technology development and support its strategy of investing in and partnering with audit-first accounting firms.

Modus is building an AI-native accounting platform that combines proprietary technology, regulatory expertise, and a structured investment approach. By partnering with established firms, it preserves existing relationships and legacy while introducing tools that enhance audit quality, efficiency, and scalability.

Audits underpin trust in capital markets, yet core workflows remain outdated. The funding supports investment in AI-driven tools and partnerships with firms modernising the profession without compromising quality.

Modus enables complex audits by automating workflows, improving risk assessment, and shifting focus to judgment-driven work, while building a scalable platform that maintains trust and rigour.

Since launching in June, Modus has gained early traction, including an investment in a top 200 accounting firm with over $30 million in revenue. Deployment of its platform is expected to significantly accelerate growth, with a strong pipeline of additional partner firms.

Public accounting has long lacked modern technology, creating an opportunity for a partnership-led approach to drive meaningful change. Modus is advancing the space through targeted automation of audit workflows, improving efficiency while building trust with partner firms.

Early progress highlights the potential to establish a leading AI-native audit platform for accounting firms.

Founded by Arush Jain, Pranav Pillai, and Vinay Kasat, Modus brings together expertise across technology and finance, with experience from firms such as Palantir, Citadel, Ramp, Thoma Bravo, Bridgewater, and AWS. The company is supported by advisors with senior leadership backgrounds in leading accounting firms.

The funding will drive further investment in its AI platform, expand audit-focused product capabilities, and support additional partnerships with firms aligned to its long-term strategy.