Numerai has completed a $30 million Series C funding round, valuing the company at $500 million.

BlockBeats News, November 21st. According to official sources, Numerai has completed a $30 million Series C funding round at a $5 billion valuation. The University Endowment Fund led the round, marking a 5x increase in valuation from the previous round in 2023. Existing investors, including Union Square Ventures, Shine Capital, and Paul Tudor Jones, also participated in this round of funding.

Over the past three years, Numerai's assets under management (AUM) have grown from around $60 million to $550 million, with a $100 million increase in just the past month. With the help of this new equity funding and support from JPMorgan Chase, we are now positioned to scale our AI-driven hedge fund to $1 billion and beyond.