Docyt, a provider of AI-powered accounting automation software, has announced the launch of its new High Precision Accounting Intelligence (HpAI) platform, as it looks to redefine modern accounting workflows with AI-driven tools.
The announcement follows the firm’s latest pre-Series B funding round, which brought in $12m in fresh capital. The round was led by Pivot Investment Partners with participation from existing backers.
Founded to automate complex bookkeeping and finance processes, Docyt uses AI to streamline tasks such as reconciliation, categorisation, anomaly detection, and month-end closing. Its HpAI engine blends large language models with proprietary, accounting-specific datasets to power intelligent automation across end-to-end workflows.
The new capital will be used to scale the deployment of HpAI, expanding its availability to accounting firms and multi-entity businesses. The technology, which is embedded in Docyt’s Accountant Copilot platform, aims to simulate the intelligence of senior bookkeepers and reduce the need for junior staff. Its agents automate key workflows and provide real-time financial insights.
Unlike general-purpose AI tools that are retrofitted for finance, Docyt’s HpAI has been trained using 128bn data points from ERP systems, vendor records, transactions, and expense data across more than 20 verticals. According to the company, its architecture adapts in real-time to each customer’s needs without requiring retraining, offering precision and transparency at scale.
Docyt Managing Partner Christa Wells said, “Docyt is a game-changer. The time savings alone make it an invaluable tool for any firm. Not only have we completely transformed our operations, but we’ve also scaled dramatically without increasing staff. Combine that with their phenomenal team, and I’d recommend Docyt to anyone looking to take their firm to the next level.”
Docyt’s co-founder and CEO Sid Saxena said, “At Docyt, we have spent over five years building high-quality synthetic datasets using in-house expertise of expert accountants doing high-quality data labelling that captures the complexity of real-world bookkeeping. This dataset is a critical component of our HpAI architecture, enabling it to deliver precise, context-aware automation. We are now bringing this foundational AI architecture to accounting firms in the form of Docyt AI Copilot, enabling them to deliver client bookkeeping at scale, and with precision.”
Docyt’s latest capabilities are particularly focused on hospitality accounting, with its AI agents built to handle multi-entity complexity, enforce confidence thresholds, and preserve full audit trails. The company said future industry-specific solutions are already in development.
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