Startup
Modus
AI-native audit and assurance firm that delivers audits through its member firms, with more than 175 professionals, and partners with established CPA firms looking at a merger or sale.
| Founded | 2025, New York |
|---|---|
| Founders | Arush Jain (CEO), Pranav Pillai (CTO), Vinay Kasat (COO); team from Grant Thornton, Baker Tilly, Wiss, Palantir, Mercor, AWS, Citadel, Thoma Bravo and Ramp |
| Stage | Series A |
| Total funding | $85m |
| Last round | Seed and Series A, $85m combined, April 2026, led by Lightspeed with Comma Capital and Garry Tan |
| What it does | Audit planning, testing and documentation run by AI agents, deployed inside partner firms; Modus takes stakes in the firms it works with |
| Traction | First investment in a top-200 US firm with $30m revenue; plans to back several more firms in 2026; advisers include the former chief auditor of Grant Thornton |
| Pricing | Not published; partnership and investment model rather than software licences |
| Markets | US |
| Peers | Fieldguide, Basis, DataSnipper, Inflo |
Funding
- Announced rounds
- US$85m
- Round
- Seed and Series A, US$85m, April 2026, led by Lightspeed Venture Partners
Why it matters
Modus raised $85 million within a year of founding, one of the largest first rounds in audit technology. Its model is different from selling software: it buys into mid-sized firms and rebuilds their audit practice on its platform, the same private-equity-meets-AI playbook now reshaping US accounting.
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