Black Ore Technologies

Black Ore Technologies, Inc. develops an AI and automation platform for financial services workflows. Its flagship product, Tax Autopilot, combines proprietary AI models with federal and state tax codes and regulations to automate preparation and review of individual (Form 1040) tax returns for certified public accountants and accounting firms. Firms upload client source documents to a secure, encrypted portal; the system extracts and transforms the data, performs return calculations, and generates both the return and supporting workpapers for review.

The platform spans four functional areas: administrative automation (auto-generated client data request lists, AI document classification and organization, autonomous binder and workpaper creation, role-based access), preparation (data extraction from source documents, automated calculation of complex edge cases, integration with third-party tax software, Excel-based tie-out packages), review (AI anomaly and error detection, a review copilot, team review workflows, return packaging for sign-off), and audit (centralized document indexing, evidence-linked preparation and review steps, real-time validation, exportable audit packages). At launch the company also offered a preliminary review of returns and workpapers by its own U.S.-based CPAs, recruited from firms including PwC, EY, Baker Tilly and Grant Thornton, before returning documents to the client firm for submission. Infrastructure is U.S.-based and SOC 2 compliant. The company has stated that later products would address wealth management, financial advisory and planning, and insurance services.

Founding story

Black Ore was founded in 2022 by CEO Eyal Shinar and CTO Pavel Kapovski. Shinar previously founded Fundbox, a fintech company reported as a $1 billion unicorn in SMB payments and lending; Kapovski previously led R&D at CME Group and worked on machine-learning technology used by regulated banks and financial institutions. The founders spent about two years working with tax and accounting firms of varying sizes and building the underlying architecture and models before emerging from stealth.

Business model

Black Ore sells enterprise software to accounting and financial services firms, positioning Tax Autopilot as a procured AI-native platform that firms use in place of building internal tooling. Website messaging emphasizes cost per return and headcount leverage, and site forms qualify prospects by their existing tax software and firmwide volume of 1040 returns. At launch the offering was paired with a human review service performed by the company's in-house CPA team.

Software sold to CPA and accounting firms; the sources do not state pricing or contract structure.

Traction

At the time of the November 2023 launch the company had 20 employees and had been working with tax and accounting firms of a range of sizes during development. Its website features attributed endorsements from partners and technology executives at Maxwell Locke & Ritter, Elevate, Honkamp PC and Withum, and publishes performance claims of over 99% data extraction accuracy, up to 98% time savings on tax preparation, 80% lower cost per return, and more than 2x faster review cycles.

Latest developments

The company's website presents Tax Autopilot as in use by CPA firms, with modules for administrative automation, preparation, review and audit, and continues to solicit enterprise demo requests.