AI-driven audit technology firm Modus has secured $85 million through its Seed and Series A funding rounds, marking a significant step in accelerating the development of its platform.
The investment round was led by Lightspeed Venture Partners, with additional participation from Comma Capital and Garry Tan.
Founded just last year, Modus brings together talent from leading organizations including AWS, Bridgewater, Citadel, Palantir, Ramp, and Thoma Bravo. The company is focused on building technology that supports accounting firms in handling complex audits more efficiently. Its platform aims to reduce reliance on manual processes, strengthen risk assessment capabilities, and enable auditors to dedicate more time to judgment-driven responsibilities.
With this fresh capital, Modus plans to fast-track its technology roadmap, expand its suite of audit-centric solutions, and continue supporting accounting firms that align with its long-term vision.
Modus co-founder and CEO Arush Jain said: “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.”
Commenting on the investment, Lightspeed partner Justin Overdorff said: “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.”
