Signalbase · Jan 2026
Reports that Mod AI secured $500,000 in funding to further develop its AI-driven accounts payable automation platform and expand market reach.
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Mod AI (also referred to as Clerked) builds a fully autonomous accounts payable platform that handles the invoice-to-payment workflow end to end, including invoice intake, coding/GL coding, approvals, vendor responses, fraud detection, reporting, and ERP sync.
Primary product
Touchless AP / autonomous accounts payable automation platform
Founded
2025
Headquarters
San Francisco, California, United States
Team size
10-20 employees
Work style
Remote
Industry
Software Development
Sub-industry
Accounts payable automation / finance automation software
Offices
0 jobs at Mod AI
Check back later for new openings
Business model
Stage
Seed
Total raised
$625K
Latest round
Pre-Seed · Dec 2025
Latest amount
$500K
Dec 2025
Sep 2025
Y Combinator
Investors
Early-stage, founder-led company emphasizing fast execution, high responsibility, and building an AI-native back-office automation product for enterprise finance teams.
Work style
Remote
Compensation
Public recruiting posts mention equity plus competitive salary for founding engineering roles; no broader compensation data was found.
Benefits
Pricing
Custom pricing based on invoice volume and workflow complexity; no per-seat or per-user fees; implementation and support included.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$5M
Signalbase · Jan 2026
Reports that Mod AI secured $500,000 in funding to further develop its AI-driven accounts payable automation platform and expand market reach.
LinkedIn · Nov 2025
Mod AI said a customer became an angel investor and described a mid-market company use case with high invoice volume.
LinkedIn · Aug 2025
Evan Meyer posted that Mod AI was hiring a founding engineer, indicating active early-stage team building.
LinkedIn · Aug 2025
Jeet Chugh announced that he and Evan Meyer were funded by Y Combinator and would participate in the Fall 2025 batch.
Y Combinator
YC’s company page describes Mod AI as a Fall 2025 company building touchless AP automation, founded by Evan Meyer and Jeet Chugh.