AI Startup Dili Raises $3.6M to Automate Due Diligence for Investors
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Dili is a startup that aims to automate investment due diligence and portfolio management for PE and VC firms using AI. It was founded by former Coinbase employees and recently raised $3.6M.
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Dili claims its AI technology is "first-of-its-kind" and can accurately parse financial data from documents and surface insights.
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The platform builds knowledge bases of a fund's deals and decisions, then applies AI to streamline tasks like processing data, managing due diligence, and benchmarking.
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Dili faces challenges around AI accuracy, potential biases, and legal confidentiality concerns in dealing with sensitive investment data.
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The startup piloted its product with 400 users across funds and banks last year. It aims to eventually become an "end-to-end" solution for investor due diligence and portfolio management.