Guide Startups

Mod AI

Fall 2025 · Active

AI Agents for Accounts Payable

Founded: 2025

Team size: 4

About

Mod AI helps enterprises automate their accounts payable with AI agents. Our agents imitate AP clerks, handling vendor communication, fraud detection, advanced GL coding + 3-way matching, and exceptions. In just 49 days, we built a compliant platform from scratch and closed 6 enterprise contracts ($165k cARR), helping customers reduce labor costs by 83%. 4 of these customers are also participating in our seed round! Evan & Jeet are previous founders from LinkedIn, Amazon, and Adyen, that met studying CS at UIUC.

Founders

  • Evan MeyerFounder/CEO

    CEO @ Mod AI Studied CS + Stats at UIUC and worked in data, ML, AI at LinkedIn and a couple of startups.

  • Sunjeet ChughFounder and CTO

    CTO @ Mod AI (F25). Studied CS & Statistics @ UIUC, previously worked on distributed systems and AI agents at Amazon, Adyen, and a consulting firm.