New York-based AI-native audit technology platform and holding company Modus has raised $85m (€78.5m) in seed and Series A funding, led by Lightspeed Venture Partners, with participation from Comma Capital and investor Garry Tan, in a move set to reshape how accounting firms perform complex audits.

Business Wire reported that the capital will be used to accelerate Modus's technology development and to support its strategy of investing in and partnering with growing audit-first accounting firms, while preserving their heritage, people, and client relationships.

Modus's platform is purpose-built to help accounting firms automate manual audit procedures, enhance risk assessment, and allow auditors to focus more time on judgment-driven work.

Arush Jain, co-founder and CEO of Modus, 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."

Since its launch in June 2025, Modus has already made an investment in a top 200 accounting platform with over $30m (€27.6m) in revenue, which is expected to more than double its organic growth rate in 2026.

Isaac Kim and Amish Desai, partners at Lightspeed Venture Partners, said public accounting has been historically underserved by technology, adding that Modus intends to drive the industry forward with thoughtful product philosophy and a partnership-first approach.

Founded by Jain, Pranav Pillai, and Vinay Kasat, Modus draws on team members from Palantir, Citadel, Ramp, Thoma Bravo, Bridgewater, and AWS, and is advised by former senior figures from Grant Thornton and Wipfli.

Read the full Modus funding announcement on Business Wire.