Mili, an AI-driven meeting assistant platform tailored for wealth management firms, has secured $2 million in a seed funding round. The investment was led by Chiratae Ventures and BoldCap, with participation from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher of Quent Capital, and Better Capital.

Key Details

• Funding Amount: $2 million in seed funding.
• Lead Investors: Chiratae Ventures and BoldCap.
• Other Participants: Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher of Quent Capital, and Better Capital.
• Purpose of Funding: To accelerate product development, enhance integrations, scale partnerships, and expand engineering and customer success teams.
• Platform Features: Enterprise-grade meeting documentation software that reduces administrative burdens through secure, real-time AI assistance, integrating seamlessly with existing systems.

Founder's Background

Mili was founded in early 2024 by Chirag Gandhi, who also serves as the CEO. Gandhi emphasizes that Mili is designed to be a secure, compliant, and customizable solution, enabling advisors to focus on client relationships.

Funding Details

The $2 million seed funding round was led by Chiratae Ventures and BoldCap, with additional investments from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher of Quent Capital, and Better Capital. This capital infusion is intended to drive Mili's product development, strengthen system integrations, scale partnerships, and expand its engineering and customer success teams.

Source: ISN