Modus, an artificial intelligence company focused on transforming accounting and audit workflows, has raised $85 million in Seed and Series A funding to accelerate the development of its AI-native accounting platform and expand its strategy of partnering with established accounting firms. The New York-based company is building technology designed to modernize audit processes by combining artificial intelligence, regulatory expertise, and financial operations infrastructure.

The funding round was led by Lightspeed Venture Partners, with participation from Comma Capital and Garry Tan. The company plans to use the capital to advance its AI technology, support investments in accounting firms, and expand its efforts to create a new model for audit and accounting services.

Founded by Arush Jain, Pranav Pillai, and Vinay Kasat, Modus is developing an AI-powered platform designed to help accounting firms improve efficiency, maintain audit quality, and scale their operations. The company’s approach combines software development with a business model that involves partnering with established accounting firms and supporting their transition into AI-enabled organizations.

Modus was created around the idea that audit and accounting remain critical parts of financial markets but have historically relied on processes and tools that have changed slowly. The company aims to introduce modern artificial intelligence capabilities into these workflows, helping accounting professionals manage complex tasks while maintaining the standards required in regulated financial environments.

The company’s platform focuses on AI agents designed for audit workflows, allowing accounting professionals to automate portions of their work while improving consistency and productivity. Modus is also pursuing a strategy of investing in and partnering with audit-first accounting firms, providing them with technology infrastructure intended to improve their operations.

The investment from Lightspeed Venture Partners highlights increasing investor interest in artificial intelligence applications targeting specialized business functions. Lightspeed has backed technology companies across enterprise software, consumer technology, and artificial intelligence, and its investment in Modus reflects growing demand for AI solutions that can reshape traditional industries.

Comma Capital also participated in the financing, joining the round as Modus works to expand its AI-powered accounting infrastructure. The participation of technology-focused investors reflects confidence in the company’s approach of combining software innovation with professional services transformation.

Angel investor Garry Tan, known for his work as an entrepreneur and investor, also participated in the round. His involvement adds support from a technology leader with experience across startups and venture investing.

Modus enters the market at a time when businesses across industries are exploring how artificial intelligence can improve professional services. Accounting and audit firms are increasingly looking for ways to enhance productivity, manage growing regulatory demands, and provide higher-value services to clients. Modus aims to address these needs by creating AI tools specifically designed for accounting environments.

The company’s model differs from traditional software providers by combining technology development with direct investment and partnerships in the accounting sector. Instead of only selling software tools, Modus is working to help build AI-native accounting firms that can use modern technology while maintaining established client relationships and professional expertise.

The newly raised funding will support Modus as it continues expanding its technology platform and investment strategy. The company expects the capital to help accelerate product development, strengthen its AI capabilities, and support additional partnerships with accounting organizations.

Artificial intelligence adoption in financial services has accelerated as companies seek automation tools that can handle complex workflows. While many AI applications have focused on general productivity, specialized platforms like Modus are targeting professional industries where accuracy, compliance, and domain expertise are essential.

With its $85 million Seed and Series A financing led by Lightspeed Venture Partners, along with participation from Comma Capital and Garry Tan, Modus is positioned to expand its AI-native accounting platform and pursue its vision of reshaping how audit and accounting services are delivered.

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