Docyt, a Silicon Valley, CA-based accounting automation software company, has raised $12 million in pre-Series B funding.
The company also launched Docyt High Precision Accounting Intelligence (HpAI), an AI engine purpose-built to automate complex accounting workflows with unmatched precision.
Investors
The round was led by Pivot Investment Partners, with participation from existing investors.
Pivot Investment Partners is a growth-stage investor focused on transformative fintech and enterprise software solutions. Founded in 2014, the firm invests in fintech companies at the Series B and Series C stages. Its areas of interest include financial infrastructure, B2B payments, capital markets technology, digital wealth management, data and analytics, and insurance technology.
Docyt Use of Funds
The company will use the funds to scale its AI offerings. The funding will help scale Docyt’s AI solutions across accounting firms and multi-entity businesses.
About Docyt
Founded in 2016, Docyt is an AI-native accounting automation platform purpose-built to streamline workflows like reconciliation, categorization, and month-end close. The platform is designed to automate financial operations for businesses, particularly accounting firms and hotels. Its latest innovation, Docyt HpAI, combines large language models with precision-trained AI agents tailored for accounting, delivering hyper-accurate categorizations and real-time financial insights. Headquartered in Silicon Valley, California.
Funding Details
Company: Docyt, Inc.
Raised: $12.0M
Round: Pre-Series B
Funding Date: August 2025
Lead Investor: Pivot Investment Partners
Additional Investors: Existing investors (undisclosed)
Company Website: https://docyt.com/
Software Category: AI Accounting Automation / Fintech
Source: https://www.businesswire.com/news/home/20250806268093/en/