Modus Lands $85 Million in Funding
Modus, a New York-based AI-native audit technology platform and holding company, has raised $85 million across Seed and Series A funding.
The round was led by Lightspeed Venture Partners, with participation from Comma Capital and Garry Tan.
Lightspeed Venture Partners is a global, multi-stage venture capital firm that manages over $40 billion in assets under management (AUM). With a presence across the U.S., Europe, India, Israel, and Southeast Asia, the firm has backed more than 1,000 companies. Lightspeed focuses on accelerating disruptive innovations in the enterprise, consumer, healthcare, and fintech sectors.
The company will use the funding to accelerate development of Modus’s proprietary AI-driven audit technology and to expand its strategy of investing in and partnering with audit-focused accounting firms.
Founded by Arush Jain, Pranav Pillai, and Vinay Kasat, Modus is an AI-driven audit technology platform that aims to help accounting firms deliver the highest quality audit in a fraction of the time. Its 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. Headquartered in New York, Modus combines advanced technology with strategic investments in audit-first accounting firms operating in an APS model.
Funding Details
Company: Modus Audit, Inc.
Raised: $85.0M
Round: Seed, Series A
Funding Date: April 2026
Lead Investor: Lightspeed Venture Partners
Additional Investors: Comma Capital, Garry Tan
Company Website: https://www.modusalliance.com/
Software Category: Accounting AI / Audit Technology