Numerai, a San Francisco-based AI hedge fund, announced $30M Series C funding from major institutional investors, marking a significant step in its growth strategy.
Numerai announced the completion of its $30 million Series C funding round at a $500 million valuation, according to the company’s official statement. The round was led by university endowment funds and joined by Union Square Ventures, Shine Capital, and Paul Tudor Jones. The AI-driven hedge fund intends to use the capital to expand its assets under management beyond $1 billion. Following the disclosure, Numerai's native token NMR surged by over 15% to $12.17, reflecting increased market confidence.