# Docyt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/docyt

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.docyt.com
- Total disclosed funding: $27M
- Latest round: Series B (Aug 6, 2025)
- Investors on record: 10

## About

Founded in 2016 and based in California, US, Docyt Inc. develops accounting software that uses machine learning to extract data from documents and avoid manual and high-risk back-office tasks. The company was founded by its CEO Sidharth Saxena and CTO Sugam Pandey. In August 2025, Docyt Inc. raised USD 12 million in series B funding led by new investor Pivot Investment Partners, with participation from returning investors Morado Ventures, Dallas Venture Capital, First Rays Venture Partners and Lobby Capital. Other unspecified investors also participated in the round. The company provides a real-time accounting automation software platform called Docyt that uses artificial intelligence and machine learning to automate financial workflows, continuously reconcile the general ledger, and generate real-time financial reports. Docyt provides one native, end-to-end, cloud-based accounting solution that allows small-and-medium-sized businesses to streamline their finances into one transparent workflow. Docyt provides secure accounts payable solutions with automatic reconciliation through its bill pay service, automatic matching of receipts with bank feed through its receipt capture service, and affordable employee reimbursement solutions through its expense reports service. Docyt generates revenue by providing its services on a subscription model to consumers with packages such as basic, plus, advanced and enterprise that starts from USD 99 per month. Docyt Inc. will use the August 2025 funding to scale its AI solutions across accounting firms and multi-entity businesses.

## Funding rounds

- Series B, Aug 6, 2025, $12M — Morado Ventures, Dallas Venture Capital, Pivot Investment Partners, First Rays Venture Partners, Lobby Capital
- Series A, Jun 1, 2023 — Dallas Venture Capital
- Series A, Apr 6, 2022, $12M — Morado Ventures, First Rays Venture Partners, Lobby Capital
- Seed, Feb 24, 2021, $1.5M — Morado Ventures, First Rays Venture Partners
- Seed, Apr 1, 2019, $2.2M — Morado Ventures, Tuesday Capital, AME Cloud Ventures, WestWave Capital, Xplorer Capital
- Seed, Oct 1, 2016 — WestWave Capital, Founder Friendly Labs (FFL)

## Investors

- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Seed
- Founder Friendly Labs (FFL) — Seed
- Morado Ventures (https://capitalatlas.ai/funds/morado-ventures) — Seed, Series A, Series B
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Xplorer Capital (https://capitalatlas.ai/funds/xplorer-capital) — Seed
- First Rays Venture Partners (https://capitalatlas.ai/funds/first-rays-venture-partners) — Seed, Series A, Series B
- Lobby Capital (https://capitalatlas.ai/funds/lobby-capital) — Series A, Series B
- Dallas Venture Capital (https://capitalatlas.ai/funds/dallas-venture-capital) — Series A, Series B
- Pivot Investment Partners (https://capitalatlas.ai/funds/pivot-investment-partners) — Series B