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

On November 21st, as per official channels, Numerai has successfully completed a Series C funding round worth $30 million with a valuation of $5 billion. The University Endowment Fund took the lead in this round, which represents a fivefold increase compared to the previous valuation in 2023. Existing investors such as Union Square Ventures, Shine Capital, and Paul Tudor Jones also participated in this funding round. Over the past three years, Numerai's Assets Under Management (AUM) have expanded from approximately $60 million to $550 million, and there has been a $100 million increase just in the past month. With the additional equity funding and the support from JPMorgan Chase, we are now ready to scale our AI hedge fund to reach $1 billion and even higher.