Plano-based Mili—an AI meeting documentation platform for wealth management firms—has emerged from stealth after raising $2 million in seed funding led by Chiratae and BoldCap. Also participating in the round were Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital.

“AI in wealth management isn’t about technology, it’s about trust,” Co-Founder and CEO Chirag Gandhi said in a statement. “We’ve built Mili from the ground up to be the most secure, compliant, and customizable solution that empowers advisors to focus on what matters most—their client relationships.” 

The seed funding will accelerate product development and grow Mili’s engineering and customer success teams, the startup said.

Mili said that the U.S. wealth management industry stands at a historic inflection point, with $124 trillion in assets transferring to younger generations through 2048.

Designed to save time

Mili said that today, more than 300,000 financial advisers spend 60% of their time on administrative tasks instead of client relationships. The company’s “invisible AI assistant” aims to tackle that challenge by automating meeting documentation, saving advisers more than eight hours weekly—equivalent to gaining back “one to two months annually.”

Founded in 2024, Mili said it works seamlessly across virtual platforms (Zoom, Google Meet, Microsoft Teams), phone calls, and in-person meetings. Each firm gets customizable templates and firm-specific rubrics that adapt to their unique workflows. Built on SOC 2-certified infrastructure, Mili features “deep integrations” with major wealth platforms including Salesforce, Wealthbox, Practifi, and Salentica.

“The wealth management industry is transforming,” Ranjith Menon, managing director at Chiratae, said in a statement. “Mili’s enterprise-focused approach and emphasis on trust sets a new standard for how AI will be deployed across wealth management firms.”

Sathya Nellore Sampat, partner at BoldCap, said Mili will help resolve issues for companies.

“Most firms struggle with customer requests due to limited service teams,” Sampat said. “With Mili, they gain a compliant digital worker that handles everything from meeting notes to client onboarding, letting advisors focus on relationships.”

Founded last year, Mili is an AI-powered meeting assistant that helps wealth management firms save time and deepen client relationships.

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