Dili raises $21.7M for AI compliance in infrastructure projects
Dili, an AI compliance startup focused on U.S. infrastructure initiatives, has secured a total of $21.7 million in funding, which includes a $15 million Series A round spearheaded by Khosla Ventures. Other contributors include Allianz, Rebel Fund, Darren Bechtel from Brick and Mortar Ventures, and Garry Tan of Y Combinator. Previously, the company raised $6.7 million in a seed round and is part of Y Combinator's Summer 2023 cohort. Dili's technology simplifies intricate compliance regulations for construction projects, particularly those with federal funding, like Davis-Bacon wage standards and clean energy apprenticeship guidelines under the IRA. CEO Anand Chaturvedi noted that the tool is currently utilized in approximately 700 projects, with half of clients employing it internally. He anticipates a shift towards software-driven compliance as AI continues to advance.
Key facts
- Dili raised $15 million Series A led by Khosla Ventures.
- Total funding is $21.7 million, including a $6.7 million seed round.
- Investors include Allianz, Rebel Fund, Darren Bechtel, and Garry Tan.
- Dili was part of Y Combinator's Summer 2023 batch.
- The software targets compliance for U.S. infrastructure projects with federal funding.
- It handles rules like Davis-Bacon prevailing wages and IRA clean energy apprenticeship requirements.
- AI converts unstructured documents to structured data; deterministic system applies compliance rules.
- Used on about 700 projects, including manufacturing facilities and data centers.
Entities
Institutions
- Dili
- Khosla Ventures
- Allianz
- Rebel Fund
- Brick and Mortar Ventures
- Y Combinator
- Department of Labor
- OSHA
- EPA
Locations
- United States