Numerai has secured $30 million in new capital through its Series C funding round, pushing the AI-driven hedge fund platform’s valuation to $500 million. The round, led by several top university endowments, represents a fivefold increase from Numerai’s previous valuation in 2023. Existing backers, including Union Square Ventures, Shine Capital, and Paul Tudor Jones, also returned to participate.
The company said the participation of major university endowments reflects long-term institutional confidence in its AI-powered investment model. The financing arrives as Numerai continues an accelerated period of expansion, marked by two recent milestones: securing up to $500 million in capacity from J.P. Morgan and purchasing $1 million in NMR tokens on the open market to boost long-term alignment.
Numerai reports that its assets under management have grown at an unprecedented pace. Over the past three years, AUM has increased from roughly $60 million to $550 million, with an additional $100 million added in the past month alone. In 2024, the firm’s Meta Model delivered a net return of 25.45 percent with only one down month. With the new equity funding and expanded capacity from J.P. Morgan, the company says it is positioned to scale its AI-driven hedge fund toward $1 billion in AUM and beyond.
As part of its expansion strategy, Numerai is moving into a larger headquarters in San Francisco and plans to open a New York City office. The firm is also accelerating hiring across engineering and research roles, seeking talent interested in pushing novel applications of AI in financial markets.
The company emphasized that those who want to contribute to building a hedge fund powered by AI and driven by a global community of data scientists are encouraged to join its growing team.
