AI-driven meeting assistant Mili has raised $2 million in a seed funding round led by Chiratae Ventures and BoldCap, with additional participation from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital.
Founded in early 2024 by Chirag Gandhi, Mili provides an enterprise-grade AI platform designed to streamline workflows for wealth management firms. The platform automates tasks such as real-time note-taking, client onboarding, and financial strategy planning, helping firms reduce administrative overhead, maintain compliance, and improve productivity. Mili’s system integrates seamlessly with existing technologies and uses custom templates along with firm-specific rubrics to deliver tailored solutions. With its SOC 2-certified infrastructure and enterprise-grade security, Mili is addressing the unique demands of financial advisory firms.
The newly secured funds will be used to accelerate the development of Mili’s product by expanding customization capabilities, deepening integrations, scaling strategic partnerships, and growing its engineering and customer success teams.
Mili’s CEO and co-founder Chirag Gandhi explained the startup’s core philosophy, stating that AI in wealth management is not just about technology but about building trust. He added that Mili is designed to be “the most secure, compliant, and customizable solution that empowers advisors to focus on what matters most — client relationships.”
Speaking on the investment, Ranjith Menon, Managing Director at Chiratae Ventures, noted that the wealth management industry is undergoing significant transformation. He said generative AI solutions like Mili are addressing compliance demands while scaling productivity, setting new standards for AI adoption in the sector.
Sathya Nellore Sampat, Partner at BoldCap, emphasized the gap in the industry that Mili aims to fill. He pointed out that while wealth management firms handle trillions in assets, they lack tailored software solutions. He added that Mili acts as a highly compliant, AI-driven digital assistant that enhances back-office operations and allows advisors to deliver exceptional client service.
With strong investor backing, Mili is positioned to redefine efficiency and compliance standards in wealth management firms. By automating critical workflows and enabling advisors to focus on client relationships, the platform is helping firms scale and meet evolving market demands.
Featured image: Credit: Mili
