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Numerai raises $30m to build ‘the last hedge fund’

Numerai — the San Francisco hedge fund that looks more like a sci-fi lab than a Wall Street operation — has raised $30 million in Series C funding, the company announced. Summary Numerai scored backing from university endowments and existing investors like Union Square Ventures and Paul Tudor Jones. The AI-driven hedge fund now marches … Read more

Numerai secures $500M from JPMorgan to scale its AI-driven hedge fund

Key Takeaways Numerai, a San Francisco–based AI-focused quant fund, has secured a commitment of up to $500 million from JPMorgan Chase. Richard Craib, Numerai’s founder, told Bloomberg that Numerai’s performance track record finally convinced big investors. Share this article San Francisco–based hedge fund Numerai has secured a $500 million commitment from JPMorgan Asset Management, effectively … Read more

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