Numerai’s AI-powered, crowd-driven “Final Hedge Fund” Reaches $500 Million in Value
- Numerai secures $30M Series C led by top endowments, valuing it at $500M. - The firm leverages global data scientists' AI models and NMR tokens to trade equities via a decentralized tournament. - AUM surged from $60M to $550M, with 25.45% net return in 2024 despite market volatility. - Funds will expand AI engineering, institutional products, and tournament participation to scale to $1B AUM. - Numerai's DeFi-integrated model offers liquidity and democratized trading expertise, challenging traditional ass
Numerai LLC, a hedge fund headquartered in San Francisco that utilizes crowdsourced data science and blockchain-based rewards, has
Richard Craib, who founded Numerai and serves as CEO, highlighted the importance of this investment,
The fresh funding will be used to grow Numerai’s AI engineering and research divisions, expand hiring in critical areas, and scale up its institutional offerings. The company also plans to boost participation in its data science competition, which is central to its innovation process. By
Numerai’s achievements mirror larger shifts in the finance and tech sectors, where artificial intelligence, crowdsourced talent, and digital currencies are transforming traditional asset management. As markets face lofty valuations and economic uncertainty, Numerai’s scalable and decentralized model presents an attractive option for investors in search of outperformance in a competitive environment.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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