{"id":591159,"date":"2026-04-08T22:28:08","date_gmt":"2026-04-08T22:28:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/591159\/"},"modified":"2026-04-08T22:28:08","modified_gmt":"2026-04-08T22:28:08","slug":"modus-raises-85-million-led-by-lightspeed-to-build-ai-native-accounting-firm","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/591159\/","title":{"rendered":"Modus Raises $85 Million Led by Lightspeed to Build AI-Native Accounting Firm"},"content":{"rendered":"

NEW YORK–(BUSINESS WIRE<\/a>)–Modus, an AI-native audit technology platform & holding company today announced that it 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 be used to accelerate Modus\u2019s technology development and to support its strategy of investing in and partnering with growing audit-first accounting firms.<\/p>\n

\nModus is empowering the AI-native accounting firm, combining proprietary artificial intelligence, deep regulatory expertise, and a disciplined investment strategy. The company partners with established accounting firms to preserve their heritage, people, and client relationships while equipping them with modern technology designed to improve audit quality, efficiency, and scalability.<\/p>\n

\n\u201cAudits serve as the cornerstone for trust in our capital markets, yet the underlying tools and workflows have not meaningfully changed in decades,\u201d said Arush Jain, Co-Founder and CEO of Modus. \u201cThis 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.\u201d<\/p>\n

\nModus\u2019s 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. By combining technology with strategic investments, Modus aims to create a scaled platform capable of serving accounting firms that deliver audits for sophisticated clients while maintaining the trust and rigor the profession demands.<\/p>\n

\nSince its launch in June, Modus has already demonstrated meaningful traction, including an investment in a top 200 accounting platform (per Inside Public Accounting) with over $30 million in revenue. Through the deployment of Modus\u2019s platform, the firm is expected to more than double their organic growth rate in 2026 with a meaningful pipeline of additional partner firms.<\/p>\n

\n\u201cPublic 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,\u201d said Isaac Kim and Amish Desai, Partners at Lightspeed Venture Partners. \u201cThe 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\u2019s first AI native audit technology for accounting firms,\u201d added Justin Overdorff, Partner at Lightspeed Venture Partners.<\/p>\n

\nFounded by Arush Jain, Pranav Pillai, and Vinay Kasat, Modus combines deep technology and financial expertise, with team members from Palantir, Citadel, Ramp, Thoma Bravo, Bridgewater and AWS. The company is advised by Jim Burton, former Chief Auditor at Grant Thornton, Brian Blaha, former Chief Growth Officer of Wipfli, and the former CEO of a top 10 accounting firm.<\/p>\n

\nThe funding will support continued investment in Modus\u2019s AI platform, expansion of its audit-focused product capabilities, and additional investments in accounting firms aligned with Modus\u2019s long-term vision.<\/p>\n

\nAbout Modus<\/p>\n

\nFounded in 2025, Modus is an AI-driven audit technology platform that partners with firms focused on transforming how audits are performed. Modus\u2019s ambition is to help accounting firms deliver the highest quality audit, in a fraction of the time. Modus combines advanced technology with strategic investments in audit-first accounting firms operating in an APS model to improve audit quality, efficiency, and scalability across industries. Learn more and apply for jobs at modusalliance.com<\/p>\n

\nAbout Lightspeed Venture Partners
\n
Lightspeed is a global, multi-stage, venture capital firm managing over $50B in assets. Since its founding in 2000, Lightspeed has been the first investor and an early backer of some of the most innovative companies in the world including Abridge, Anthropic, Anduril, Castelion, Databricks, Glean, Mistral, Navan, Neko Health, Netskope, Reflection AI, Rubrik, Snap, Skild AI, Vinted, Wiz, and more. Learn more about the firm, team, and why we\u2019re bullish on the potential of AI to transform the world at lsvp.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK–(BUSINESS WIRE)–Modus, an AI-native audit technology platform & holding company today announced that it has raised $85…\n","protected":false},"author":2,"featured_media":591160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[45,49,48,137],"class_list":{"0":"post-591159","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-entrepreneurship"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/591159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=591159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/591159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/591160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=591159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=591159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=591159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}