Mod AI
Mod AI builds AI agents that autonomously run accounts payable workflows, from invoice capture in the email inbox through coding, approval, vendor communication, fraud detection, and payment scheduling, with bi-directional sync to 16+ ERP systems for mid-market and enterprise finance teams.
- Company typePrivate
- Founded2025
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Mod AI does
Mod AI, Inc. is a San Francisco-based private company that has built Touchless AP, an autonomous accounts payable platform run by a coordinated set of AI agents. The system ingests invoices and vendor communications directly from AP mailboxes, processes documents across any format or language using AI vision models, applies line-level GL coding and three-way matching against purchase orders and goods receipts, routes approvals through natural-language policies, drafts vendor responses grounded in live ERP data, schedules payments with early-pay discount optimization, and detects email-level fraud such as spoofed senders and suspicious bank account changes. The company reports 99% first-pass extraction and coding accuracy, 5.8x faster processing than manual AP, and 83% reduction in AP task time.
The underlying technology is a multi-agent architecture built on large language models, with specialized agents for inbox automation, invoice processing, approval routing, vendor communication, fraud detection, and payment scheduling. The platform maintains real-time bi-directional synchronization with 16+ ERP systems including NetSuite, QuickBooks Online and Desktop, SAP S/4HANA, Xero, Sage Intacct, Oracle Fusion Cloud, Workday, Microsoft Dynamics 365, Blackbaud, ClearBooks, and Moneybird, preserving each system's native reporting structures (dimensions, worktags, classes, funds). The company is pursuing SOC 2 Type II certification on top of already SOC 2 compliant infrastructure. The platform is sold on a volume-based annual subscription with no per-seat fees and includes full implementation and onboarding.
The company serves mid-market and enterprise finance teams whose AP workflows are email-heavy and run on established ERPs. Named customers span manufacturing (ENVE, Boyd, Meiborg, Litco), healthcare/hospitality (Riviera), nonprofit/cultural (Toledo Museum of Art via Blackbaud), and food and beverage (Odeko). The company also targets UK and Netherlands businesses through localized integrations and extends into nonprofit fund accounting. Mod AI was founded in 2025, is backed by Y Combinator with $500,000 disclosed, and operates with a 1-10 person team led by CEO Evan Meyer and CTO/CXO Sunjeet Chugh.
Mod AI firmographics
Firmographics- Name
- Mod AI
- Legal name
- Mod AI, Inc.
- Website
- https://usemod.ai
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Mod AI builds AI agents that autonomously run accounts payable workflows, from invoice capture in the email inbox through coding, approval, vendor communication, fraud detection, and payment scheduling, with bi-directional sync to 16+ ERP systems for mid-market and enterprise finance teams.
- Ownership category
- akta.pro rank
Mod AI industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)
- akta.pro secondary industry
- AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI)
Keywords
Where Mod AI is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Markets served
Mod AI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription - Autonomous AP Platform: Volume-based subscription pricing for access to the autonomous AP platform. Custom pricing based on invoice volume and workflow complexity. No per-seat fees, no per-user charges. Full implementation included in pricing with dedicated onboarding and ongoing support at no extra cost.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Volume-based subscription with custom pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Mod AI product offering
Product offeringCore offering
Mod AI sells "Touchless AP," a fully autonomous accounts payable SaaS platform that uses AI agents to handle the entire AP workflow from email inbox ingestion through invoice processing, approval routing, vendor communication, payment scheduling, and ERP synchronization. The platform is delivered via volume-based subscription with no per-seat fees, includes full implementation and onboarding, and connects bi-directionally with 16+ ERP systems including NetSuite, QuickBooks, SAP, Xero, Sage Intacct, Oracle Fusion, Workday, and Microsoft Dynamics.
Product overview
Mod AI offers Touchless AP, the first fully autonomous accounts payable platform built on a unified product architecture. The core offering combines email inbox automation, invoice processing, approvals & routing, vendor communication, payments (Beta), reporting & analytics, and ERP integration into a single cohesive system. The platform is designed to handle the entire AP workflow from email to payment autonomously, using AI agents that continuously learn and adapt. Pricing is modular, allowing customers to pick capabilities they need with volume-based pricing and no per-seat fees.
Differentiator
Problem solved
Functional benefit
Products and services
- Touchless AP (Autonomous Accounts Payable Platform) A fully autonomous accounts payable SaaS platform that uses AI agents to handle the entire AP workflow from email inbox ingestion through invoice processing, approval routing, vendor communication, smart payment scheduling, and bi-directional ERP synchronization. Sold to mid-market and enterprise finance teams on a volume-based subscription with no per-seat fees and bundled implementation.
Quantifiable outcome
- 5.8x faster invoice processing compared to manual AP workflows
- +5 more outcomes
Companies that use Mod AI
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Mod AI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability10 records
Feature9 records
Mod AI partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and secondary.
- Oracle NetSuitecoreBi-directional real-time integration with Oracle NetSuite. AI agent pulls live data from NetSuite for accurate invoice processing and vendor management. Approved invoices, vendor updates, bill payments, and credits sync automatically back to NetSuite. OneWorld multi-subsidiary support for complex enterprise environments.
- QuickBooks OnlinecoreTouchless AP automation that keeps QuickBooks Online as source of truth. Real-time bi-directional sync with automated invoice, vendor, and payment data flows. AI-powered inbox automation captures invoices from email. Multi-level approval workflows extend QuickBooks native capabilities.
- Sage IntacctcoreTouchless AP with full dimensional accounting support for Sage Intacct. Complete support for all 8 standard Intacct dimensions plus unlimited user-defined dimensions. AI learns dimension coding patterns and applies them automatically. Multi-entity support with entity-level sync.
- SAP S/4HANAcoreFrom email to ERP, touchless AP designed for SAP S/4HANA. AI agent grounded in SAP data for accurate invoice processing. Multi-company code support with automatic routing and consolidated reporting. Real-time bi-directional sync.
- XerocoreTouchless AP that syncs with Xero in real time. AI agent pulls live data from Xero for accurate invoice processing. Tracking category support preserves Xero reporting structure. Multi-level approval workflows extend Xero native capabilities.
- Oracle Fusion Cloud ERPcoreAutonomous AP processing that stays in sync with Oracle Fusion Cloud. AI agent grounded in Oracle data for invoice processing. Multi-business unit support with flex fields preserved. Real-time bi-directional sync with configurable frequency.
- WorkdaycoreTouchless AP automation for Workday Financial Management. AI agent pulls live data from Workday for invoice processing. Full worktag support preserves reporting structure and cost allocation across AP transactions.
- Microsoft Dynamics 365 Finance & OperationscoreTouchless AP that works with Dynamics 365 F&O setup. AI agent grounded in D365 F&O data for invoice processing. Full financial dimensions support preserves reporting structure. Real-time bi-directional sync.
- Microsoft Dynamics 365 Business CentralcoreTouchless AP automation built for Dynamics 365 Business Central. AI agent pulls live data from Business Central. Full dimension support preserves reporting structure. Multi-level approval workflows extend Business Central native capabilities.
- QuickBooks DesktopcoreTouchless AP automation for QuickBooks Desktop powered by secure cloud connector. AI agent grounded in QuickBooks Desktop data. Class tracking preserved. Multi-level approval workflows extend QuickBooks Desktop native capabilities.
- FreshBookssecondaryAutonomous AP for FreshBooks with no manual entry required. Real-time bi-directional sync. AI-powered inbox automation captures invoices from email. Small business AP automation without complexity.
- Zoho BookssecondaryTouchless AP automation that keeps Zoho Books up to date. Multi-currency support for international AP. Real-time bi-directional sync with continuous updates. AI agent grounded in Zoho Books data.
- SAP Business ByDesignsecondaryTouchless AP automation for SAP Business ByDesign teams. AI agent grounded in SAP ByD data. Mid-market SAP solution with enterprise-grade AP automation. Real-time bi-directional sync.
- BlackbaudsecondaryTouchless AP automation for nonprofits on Blackbaud. AI agent grounded in Blackbaud data for nonprofit workflows. Fund accounting support preserves fund structure and grant tracking.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Mod AI competitors and assessment
Company assessmentDirect peers
- AppZen: AI platform for AP automation and expense audit, using machine learning for invoice processing, fraud detection, and compliance. Competes directly with Mod AI on AI-driven autonomous finance workflows.
- Tipalti: End-to-end payables automation platform covering AP, global payments, tax compliance, and supplier management. Larger, well-capitalized direct competitor pursuing AI-enhanced autonomous workflows.
- Vic.ai: AI-native autonomous AP platform offering invoice processing, approval workflows, and ERP integrations. Direct head-to-head competitor with comparable autonomous agent positioning in mid-market and enterprise finance teams.
- Stampli: AP automation platform with collaborative invoice processing, approval workflows, and ERP integrations. Targets the same mid-market and enterprise AP buyer with overlapping functionality and AI features.
Emerging players
- Ramp: Fast-growing spend management platform with corporate cards, bill pay, and AP automation. Adjacent competitor expanding from expense management into AP, increasingly overlapping Mod AI's invoice and payment workflows.
- Airbase: Spend management platform combining AP automation, corporate cards, and expense workflows for mid-market companies. Competes for the same finance team budget with overlapping invoice and approval capabilities.
Broad incumbents
- AvidXchange: Established mid-market and enterprise AP automation platform with payments and invoice management. Broad incumbent with large customer base, adding AI features to defend share against pure-AI entrants like Mod AI.
- Bill.com: Public SMB and mid-market AP/AR platform with extensive installed base, BILL Spend & Expense, and rapidly adding AI capabilities. Broad incumbent competing across Mod AI's price-sensitive mid-market segment.
- SAP: Enterprise ERP vendor (S/4HANA, Business ByDesign) where Mod AI integrates deeply; SAP's own AI roadmap (Joule) represents both a partnership and a long-term disintermediation risk for autonomous AP vendors.
- Oracle NetSuite: Cloud ERP vendor whose AP module is a core integration partner and potential competitor; NetSuite is building native AI capabilities that could overlap with Mod AI's autonomous AP layer over time.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mod AI social profiles
Digital presenceMod AI compliance and trust
Trust signalCompliance2 records
Mod AI financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mod AI leadership team
Management profileNumber of profiles
Profiles2 records
Mod AI funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mod AI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mod AI
What does Mod AI do?
Mod AI sells "Touchless AP," a fully autonomous accounts payable SaaS platform that uses AI agents to handle the entire AP workflow from email inbox ingestion through invoice processing, approval routing, vendor communication, payment scheduling, and ERP synchronization. The platform is delivered via volume-based subscription with no per-seat fees, includes full implementation and onboarding, and connects bi-directionally with 16+ ERP systems including NetSuite, QuickBooks, SAP, Xero, Sage Intacct, Oracle Fusion, Workday, and Microsoft Dynamics.
Is Mod AI a public or private company?
Mod AI is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mod AI founded?
Mod AI was founded in 2025. It employs 1 to 10 people.
Where is Mod AI based?
Mod AI is headquartered in San Francisco, United States, in the North America region.
How does Mod AI make money?
One revenue line is on record: subscription - Autonomous AP Platform.
Who are Mod AI's main competitors?
Direct peers on record are AppZen, Tipalti, Vic.ai and Stampli. Emerging players are Ramp and Airbase. Broad incumbents are AvidXchange, Bill.com, SAP and Oracle NetSuite.
Does Mod AI have an API?
No public API is recorded for Mod AI.
What industry is Mod AI in?
Mod AI's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is HDAEANAJ, AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs), with a secondary code of HDAEANAI, AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI). Its NAICS code is 5132 and its SIC code is 7372.