What is Dili AI ?
Dili is an AI-powered due diligence platform designed to streamline and enhance the due diligence process for private equity, venture capital, real estate, and tax credit transactions. Founded by former Coinbase engineers, Dili leverages advanced AI technologies to automate critical aspects of the due diligence workflow, including document screening, data extraction, risk assessment, and the generation of investment memos. The platform supports a wide range of document types, including spreadsheets, PDFs, and email attachments, and integrates seamlessly with tools like Google Drive, Dropbox, and email systems. Dili’s AI models are trained to identify key metrics, detect red flags, and provide confidence scores for each analysis, ensuring that users can make informed decisions quickly and accurately. With its user-friendly interface and customizable workflows, Dili enables deal teams to manage large volumes of data efficiently, reducing manual effort and mitigating risks associated with human error. The platform has been utilized in over 3,000 deals, assisting firms in automating tax credit diligence, real estate loan and lease abstraction, and private equity due diligence processes. Dili’s commitment to data security is reflected in its SOC 2 Type II certification and its zero-data retention policy with leading model providers. Backed by Y Combinator and investors such as Allianz Strategic Investments and Rebel Fund, Dili continues to innovate in the field of AI-driven due diligence, offering a reliable solution for high-stakes investment decisions.
Key Features
Automated Deal Screening:
Dili’s AI technology automatically scans incoming deals from various sources, such as emails, data rooms, and external documents. This capability eliminates the need for manual data entry and sorting, which can be error-prone and time-consuming. The automation allows investors and analysts to quickly process and prioritize the most relevant deals.In-Depth Due Diligence Capabilities:
The platform uses AI to identify potential issues that might not be immediately obvious, such as mismatches between assets and liabilities or problematic clauses in legal contracts. By analyzing financial and legal data, Dili helps users uncover risks and make informed decisions about whether to proceed with an investment or deal. This deep analysis is powered by machine learning algorithms that learn from historical data to improve over time.Data Consolidation:
Dili pulls in data from multiple sources, including cloud storage platforms like Google Drive and Dropbox, emails, and market reports. It consolidates this data in one central location, reducing the need for teams to manually search through various systems. This integration makes the due diligence process smoother, as all necessary information is readily available in one workspace.Customizable Reporting:
One of Dili’s standout features is its ability to generate tailored reports. Users can specify the format and style of reports, allowing for a personalized approach to documentation. The platform’s machine learning models can adjust the output according to the preferences and needs of the user, whether it’s a summary of findings or a detailed risk assessment.Advanced NLP and NER (Natural Language Processing and Named Entity Recognition):
Dili leverages advanced natural language processing and named entity recognition to structure data from various documents automatically. This allows the platform to identify key entities such as names, dates, and legal terms in contracts, making it easier for users to analyze vast amounts of unstructured data.Confidence Scoring:
To help users assess the reliability of the extracted data, Dili provides confidence scores for each piece of information. This feature enables decision-makers to focus on areas with lower confidence scores, which may require additional review or clarification, thus minimizing risks associated with inaccurate data.Spreadsheet Support:
Dili also supports various document types, including spreadsheets, which are commonly used in financial analysis. The platform can extract standardized data from these documents, creating memos and other reports directly from the information contained in spreadsheets. This reduces manual data entry and ensures that critical information is included in the final report.
Key Benefits
Efficiency Gains:
By automating many repetitive and manual tasks associated with due diligence, Dili accelerates the overall process. Teams can work faster and focus their efforts on high-level strategic decisions rather than being bogged down by routine tasks. This results in quicker deal evaluations and faster decision-making.Enhanced Accuracy:
AI-driven analysis significantly reduces human error in contract reviews and risk assessments. The algorithms that power Dili continuously improve by learning from new data, ensuring that the analysis becomes more precise over time. This improvement leads to more reliable outcomes and helps reduce the risks associated with overlooked issues.Improved Collaboration:
Dili’s platform is designed to improve team collaboration. By providing real-time updates, task management features, and shared access to data, teams can work together more effectively. This ensures everyone is on the same page, and no important details are overlooked. Whether in-house teams or external stakeholders, the collaboration tools help maintain clear communication throughout the due diligence process.Cost Reduction:
Dili’s ability to streamline and automate various aspects of due diligence reduces the need for additional resources and man-hours. As a result, organizations can lower operational costs while ensuring that their due diligence processes are more thorough and efficient. Furthermore, by identifying potential risks early on, Dili helps prevent costly mistakes that may arise from overlooked issues.
Pricing Plans
Free Trial:
Dili provides a 30-day free trial, allowing users to explore its features and evaluate its suitability for their due diligence needs without any commitment.Standard Plan:
The standard plan is priced at $99 per month, offering a wide range of features, including advanced analytics, AI-powered deal screening, and customizable reporting. This plan is designed for smaller to mid-sized firms or those looking to test out the platform before committing to higher-tier options.
Note: For larger enterprises or customized solutions, it’s recommended to contact Dili directly for a consultation and tailored pricing.
Pros and Cons
Pros:
Seamless integration of AI to automate and accelerate due diligence tasks.
Centralized platform enhances team collaboration and project management.
Early detection of potential issues reduces risk and ensures compliance.
User-friendly interface minimizes the learning curve for new users.
Cons:
Performance may vary with extremely large datasets, potentially affecting speed.
Limited customization options for specific organizational needs.
Pricing details for higher-tier plans are not readily available on the website.
Conclusion
Dili is an innovative AI-driven solution for investment professionals involved in private equity, venture capital, and real estate. By automating critical tasks such as deal screening, contract analysis, and risk identification, Dili saves time, enhances accuracy, and ensures more effective collaboration among teams. For organizations looking to modernize their due diligence process, Dili presents a valuable tool that reduces operational costs and improves decision-making outcomes.While there are some limitations related to large datasets and customization, the overall benefits of efficiency, accuracy, and cost reduction make Dili a powerful solution for transforming the due diligence workflow.