On August 6, 2025, Docyt, an AI-powered accounting automation platform, announced the launched of its new AI engine, High Precision Accounting Intelligence (HpAI), purpose-built to automate complex accounting workflows with unmatched precision. The product release follows Docyt’s recent pre-Series B funding round, which added $12 million in new capital led by Pivot Investment Partners and existing investors. Wilson Sonsini Goodrich & Rosati advised Docyt on the transaction.

The additional capital will help support Docyt's expansion of AI solutions for accounting firms and multi-entity businesses. HpAI is specifically designed for accounting tasks, leveraging a dataset of 128 billion accounting data points to enhance efficiency in processes like reconciliation and month-end close.

The Wilson Sonsini team that advised Docyt on the transaction includes Yokum Taku, Jon Hatcher, and Jacob Morales.

For more information, please see Docyt's blog post.