Mili, an AI meeting assistant platform designed for wealth management firms, has raised $2 million in a seed funding round led by Chiratae Ventures and BoldCap.
The round also saw participation from other notable investors, including Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher of Quent Capital, and Better Capital.
The funds raised will be used to enhance and accelerate its product development, including expanding customization features, improving integrations, strengthening partnerships, and growing its engineering and customer success teams.
Chirag Gandhi, Co-Founder and CEO of Mili, said, “AI in Wealth Management isn’t about technology, it’s about trust. We’ve built Mili to be the most secure, compliant, and customisable solution that empowers advisors to focus on what matters most—client relationships.”
Ranjith Menon, Managing Director at Chiratae, said, “The wealth management industry is undergoing significant transformation. With the introduction of generative AI, Mili provides a solution that meets compliance demands while scaling productivity. This platform sets a new standard for AI adoption within wealth management firms.”
Sathya Nellore Sampat, Partner at BoldCap, said, “Wealth management firms handle trillions in assets but lack tailored software solutions. With Mili, firms gain a highly compliant AI-driven digital worker to solve customer needs, manage back-office operations, and enable advisors to deliver exceptional client service.”
Founded in 2024 by Chirag Gandhi, Vennela Miryala and Siddharth Bulia, Mili offers an AI assistant for wealth advisors. Mili aims to streamline workflows for wealth management firms through its enterprise-grade meeting documentation software.
The platform reduces administrative burdens by offering secure, real-time AI assistance that seamlessly integrates with existing systems.
The platform claims that its meeting documentation software helps wealth management firms automate their advisory workflows via its real-time AI assistance that works seamlessly with existing systems.
The AI-powered platform automates tasks such as real-time note-taking, client onboarding, and financial strategy planning, helping firms reduce manual work and increase productivity.
According to the company, it has an industry-leading compliance architecture built for enterprise wealth management, with customizable templates and firm-specific rubrics that adapt to each practice’s unique needs. It offers SOC 2-certified infrastructure, ensuring that data protection and privacy standards are met.
