# Numerai

> Numerai is a San Francisco hedge fund that trades the global stock market using a single AI meta-model built from predictions submitted by thousands of anonymous data scientists worldwide. Participants stake the company's Ethereum-based NMR token on their models - good predictions earn more NMR, bad ones get burned. The result is what founder Richard Craib calls 'the last hedge fund.'

- **Founded:** 2015
- **Headquarters:** San Francisco, California, United States
- **Founders:** Richard Craib (Founder & CEO)
- **Team size:** ~55
- **Products:** Numerai Tournament, Numerai Signals, Numerai Meta Model, Numeraire (NMR), Numerai Hedge Fund
- **Notable:** Grew AUM from roughly $60M to over $600M between 2022 and 2025, Paid out approximately $22.5M to data scientists, 15 consecutive months of positive fund performance reported in mid-2025

## Products & services

- **Numerai Tournament** — Weekly competition where data scientists download obfuscated financial features, submit predictions, and stake NMR on their models.
- **Numerai Signals** — A second tournament where users submit predictions on real-world stock tickers using their own data.
- **Numerai Meta Model** — The single ensemble model that drives the hedge fund's trades, built from thousands of staked submissions.
- **Numeraire (NMR)** — Ethereum ERC-20 token used for staking, rewards, and burns. Fixed supply of 11 million.
- **Numerai Hedge Fund** — Market-neutral equity fund that executes trades from the Meta Model on behalf of outside investors.

## Achievements

- Grew AUM from roughly $60M to over $600M between 2022 and 2025
- Paid out approximately $22.5M to data scientists
- 15 consecutive months of positive fund performance reported in mid-2025
- Returned 20% to investors in 2022 amid a market downturn
- Launched the first hedge fund cryptocurrency (NMR) in 2017

## Latest updates

- **2025-11** — Raised $30M Series C to fund autonomous-research push and Model Context Protocol interface for AI agents.
- **2025-08** — J.P. Morgan Asset Management committed up to $500M of capacity to Numerai products.
- **2025-06** — Reported 15 consecutive months of positive fund performance.

## Links

- Website: https://numer.ai
- LinkedIn: https://www.linkedin.com/company/numerai
- Twitter/X: https://twitter.com/numerai
- GitHub: https://github.com/numerai
- Facebook: https://facebook.com/numerai

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Profile page: https://yespress.io/numerai
Published by YesPress — https://yespress.io
Last updated: 2026-05-19