Our AI Agents Replace Accounting Clerks
Company is active
Event Year: 2025
Company is active
Event Year: 2025
Mod AI is developing an AI-powered workforce designed to automate and ultimately replace the tasks currently performed by accounting clerks. Their AI agents are engineered to manage entire accounting workflows, encompassing vendor communication, fraud detection, invoice coding, and exception handling. The platform aims to provide a comprehensive solution for automating routine accounting processes.
Within a short timeframe of 49 days, Mod AI successfully built a compliant platform and secured six enterprise contracts, generating $165,000 in committed annual recurring revenue (cARR). Customers have reported an average labor cost reduction of 83% through the implementation of Mod AI's solution. Four of these initial customers are also participating in Mod AI's seed funding round, demonstrating strong confidence in the product.
The founding team, Evan and Jeet, are experienced entrepreneurs with backgrounds at LinkedIn, Amazon, and Adyen. They initially met while studying Computer Science at the University of Illinois at Urbana-Champaign (UIUC).
Mod AI is developing an AI-powered workforce designed to automate and ultimately replace the tasks currently performed by accounting clerks. Their AI agents are engineered to manage entire accounting workflows, encompassing vendor communication, fraud detection, invoice coding, and exception handling. The platform aims to provide a comprehensive solution for automating routine accounting processes.
Within a short timeframe of 49 days, Mod AI successfully built a compliant platform and secured six enterprise contracts, generating $165,000 in committed annual recurring revenue (cARR). Customers have reported an average labor cost reduction of 83% through the implementation of Mod AI's solution. Four of these initial customers are also participating in Mod AI's seed funding round, demonstrating strong confidence in the product.
The founding team, Evan and Jeet, are experienced entrepreneurs with backgrounds at LinkedIn, Amazon, and Adyen. They initially met while studying Computer Science at the University of Illinois at Urbana-Champaign (UIUC).
Total Raised: Unknown (Y Combinator backed)
Last Round: Fall 2025
Total Raised: Unknown (Y Combinator backed)
Last Round: Fall 2025
B2B
B2B
B2B
B2B
Team size: 3
Hiring: No
Team size: 3
Hiring: No
