According to filings with the U.S. Securities and Exchange Commission, Numerai is raising $5,000,000.00 in new funding. Sources indicate as part of senior management Founder, Richard Craib played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Numerai
A new kind of hedge fund built by a network of data scientists. Numerai manages an institutional grade long/short global equity strategy for the investors in our hedge fund. We transform and regularize financial data into machine learning problems for our global community of data scientists. In December 2015, we created the worlds first encrypted data science tournament for stock market predictions. The most accurate and original machine learning models from the worlds best data scientists are synthesized into a collective artificial intelligence that controls the capital in Numerais hedge fund. We reward outstanding contributions from the data science community in USD, paid out in ether.

To learn more about Numerai, visit http://numer.ai/

Contact:
Richard Craib, Founder
415-737-0873
https://www.linkedin.com/in/richardcraib/

SOURCE: http://www.intelligence360.io
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