[PRESS RELEASE – San Francisco, USA/CA, November 20th, 2025]
You are going to numbera San Francisco-based hedge fund and data science tournament that unites machine learning, decentralized finance and cryptocurrency incentives today announced a $30 million Series C funding round led by donations from top universities. The round values Numerai at $500 million, five times its 2023 valuation.
JP Morgan Asset Management’s commitment for August 2025 of up to $500 million in Numerai’s hedge fund capacity, along with the new equity financing, provides Numerai with additional resources to scale its AI-driven strategies to 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 the round. In addition to JP Morgan Asset Management, they represent leading funds, venture capital firms and global macro investors who have supported Numerai’s development through multiple financing rounds.
“This round brings together exactly the type of investors we want behind Numerai: long-term, knowledgeable and willing to support a very different model of asset management built for the 21st century,” said Richard Craib, founder and CEO of Numerai. “With this capital and the capacity commitment from JP Morgan Asset Management, we can even further achieve our mission of building the world’s last hedge fund – powered by AI, built by the best competitive data scientists around the world.”
The new capital will be used to expand Numerai’s AI engineering and research teams, increase hiring in key roles, increase participation in the global data science tournament, and support the scaling of its institutional hedge fund products.
Over the past three years, Numerai has grown assets under management from approximately $60 million to $550 million. In 2024, its flagship global equity hedge fund delivered a net return of 25.45% with a single down month, the strongest year in the company’s history.
Numerai’s investment process is supported by a coordinated data science community that operates as a global tournament. Thousands of machine learning models contribute stock market signals that are combined into a single metamodel for trading global stock markets.
Numerai’s ecosystem is built around Numeraire (NMR), an Ethereum-based cryptocurrency used within Numerai’s data science tournament. Participants bet NMR on their stock market signals, who can earn or burn based on scores. This structure is intended to align incentives between Numerai and participating data scientists and connect the company’s research process to the broader blockchain ecosystem.
About Numbers
You are going to number is a San Francisco-based hedge fund and data science platform founded in 2015. Through a global competition and open API, thousands of data scientists broadcast stock market signals that Numerai aggregates into a single metamodel for global stock trading. Numeraire (NMR) is used to set and reward signals that improve the fund. Numerai’s bet is that the future of asset management belongs to open, competitive machine intelligence and not the walled garden of the multi-manager complex.
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