Numerai
The world's first hedge fund run by a decentralized network of data scientists
Founders
Richard Craib
Backed By
First Round, Union Square, Polychain, Placeholder, Paradigm
About
Numerai was started with the fascinating question: what if a hedge fund was run not in the typical obscure and secretive ways, but by a decentralized community of data scientists worldwide?
Working at the intersection of AI and blockchain, Numerai uses encrypted data sets to crowdsource market prediction models, built with artificial intelligence from anonymous data scientists worldwide who compete to win in tournaments.
In its recent iteration, Numerai has created the Erasure protocol (on Ethereum) which allows anyone to publish data and stake capital based on the accuracy of that information.