[PRESS RELEASE – San Francisco, USA/CA, November 20th, 2025]

Numerai, a hedge fund and data science tournament platform in San Francisco, has announced a $30 million Series C funding round led by significant university endowments. The valuation of Numerai soared to $500 million, which is five times its valuation from 2023.

In August 2025, J.P. Morgan Asset Management committed up to $500 million in Numerai’s hedge fund capacity, alongside this new equity funding, supporting Numerai’s aim to scale its AI-driven strategies toward nearly $1 billion in assets under management (AUM).

Existing investors, including Union Square Ventures, Shine Capital, and macro investor Paul Tudor Jones, also participated in this funding round. They collectively represent leading endowments, venture capital firms, and global macro investors who have backed Numerai through previous funding rounds.

“This round brings together exactly the type of investors we want behind Numerai — long-term, deeply informed, and willing to back a very different model of asset management built for the 21st century,” said Richard Craib, Founder and CEO of Numerai. “With this capital, and J.P. Morgan Asset Management’s capacity commitment, we can push harder on our mission of building the world’s last hedge fund — powered by AI built by top competitive data scientists around the world.”
(“Bu tur, Numerai’nin arkasında istediğimiz türde yatırımcıları bir araya getiriyor — uzun vadeli, derinlemesine bilgi sahibi ve 21. yüzyıla uygun çok farklı bir varlık yönetimi modelini desteklemeye istekli.” diyor Numerai’nin Kurucusu ve CEO’su Richard Craib. “Bu sermaye ile ve J.P. Morgan Asset Management’ın kapasite taahhüdü ile, dünya çapında en iyi rekabetçi veri bilimcilerin inşa ettiği yapay zeka ile çalışacak son hedge fonu inşa etme misyonumuza daha da güçlü bir şekilde ilerleyebiliriz.”

The new funding will enhance Numerai’s AI engineering and research teams, boost hiring across essential functions, increase participation in its global data science tournament, and aid in growing its institutional hedge fund offerings.

Over the last three years, Numerai’s assets under management have escalated from an estimated $60 million to $550 million. In 2024, its flagship global equity hedge fund achieved a net return of 25.45%, marking the firm’s most successful year.

Numerai operates a unique investment approach supported by a coordinated community of data scientists participating in a global tournament. Thousands of machine learning models contribute stock market signals, which are synthesized into a unified Meta Model for trading in global equity markets.

Numerai’s ecosystem revolves around Numeraire (NMR), an Ethereum-based cryptocurrency utilized in its data science tournament. Participants stake NMR on their stock market signals, gaining or losing based on performance. This framework aims to align the interests of Numerai and participating data scientists and connect the firm’s research activities with a broader blockchain ecosystem.

About Numerai

Numerai is a hedge fund and data science platform based in San Francisco, initiated in 2015. Through a global competition and an open API, it enables thousands of data scientists to submit stock market signals, which Numerai compiles into a single Meta Model for equity trading. Numeraire (NMR) is utilized to stake and reward signals that enhance the fund’s performance.