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numer.ai

Founded Year

2015

Stage

Series A | Alive

Total Raised

$9M

Valuation

$0000 

Last Raised

$7.5M | 5 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Numerai

Numerai manages an institutional grade long/short global equity strategy for the investors in its hedge fund. The company transforms and regularizes financial data into machine learning problems for our global community of data scientists.

Numerai Headquarter Location

101 California Street Suite 3125

San Francisco, California, 94111,

United States

415-737-0873

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Research containing Numerai

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Numerai in 2 CB Insights research briefs, most recently on Mar 16, 2022.

Expert Collections containing Numerai

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Numerai is included in 7 Expert Collections, including Blockchain.

B

Blockchain

3,939 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech 250

248 items

C

Capital Markets Tech

806 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

A

AI 100

99 items

B

Banking

380 items

Startups providing solutions to banks to automate processes and operations.

A

Artificial Intelligence

8,693 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Numerai Patents

Numerai has filed 1 patent.

The 3 most popular patent topics include:

  • Application programming interfaces
  • Cryptocurrencies
  • Data types
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/27/2018

11/2/2021

Cryptocurrencies, Data types, Payment systems, Application programming interfaces, Machine learning

Grant

Application Date

3/27/2018

Grant Date

11/2/2021

Title

Related Topics

Cryptocurrencies, Data types, Payment systems, Application programming interfaces, Machine learning

Status

Grant

Latest Numerai News

Numeraire: Everything you need to know

Apr 26, 2022

Numeraire: Everything you need to know Source: CoinMarketCap It has been a really long time since the cryptocurrency industry was first introduced and honestly, the industry has had a wonderful journey so far by being able to lure in potential investors from all across the globe and managing to make a name for itself in the global marketplace. Not just that, as mentioned, the industry has had a surge in its overall growth and popularity recently, thus helping it to reach greater heights! Having said that, I believe a majority of you are already familiar with the basics of the industry and I am sure that you are eagerly waiting for us to start with what we have with us today but, for some of you who are new to this whole thing, it’s best if we have a brief look at the industry first. To begin with, cryptocurrencies as the name suggest is nothing but a form of online or virtual currencies that can easily be made use of for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges available online. In other words, crypto is a blockchain-based platform that is known to be decentralized to its very core. Being decentralized, the crypto world becomes more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interferences as well. Also, when the industry was first introduced there were not many currencies to choose from and honestly, not many people were looking to be a part of it either as people back then were very skeptical with respect to the return on investments they could expect as well as the safety of their money too. That is surely not the case anymore as today, we have pools of currencies available for investors to choose from, with newer ones coming in with each passing day and tons of new investors joining in every hour. Source: Binance.US Speaking of a lot of currencies available today in the marketplace, some of the most popular ones worth investing in includes Bitcoin, Cardano, Baby Doge, Ethereum, Dogecoin, Polkadot, Binance Coin, PancakeSwap as well as EverGrow Coin to name just a few of course. In addition to this, it feels rather interesting seeing such a rapid growth of the industry over the past couple of years and so, let’s look at some of the major contributing factors responsible for this huge success including portability, high-profit margins, volatility, negligible response time, convince it offers, intuitive nature as well as ease of use of course. Being volatile, it is important for you to be aware of the fact that, it is not always possible to predict the price changes and act accordingly as the price fluctuations in the crypto marketplace are almost immediate, thus leaving no time to plan. Therefore, whenever dealing in online currencies, keep in mind that, if the industry is providing you with an opportunity to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well. Not just that, as per the chatter amongst some of the leading experts in the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers. Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, Numeraire. To know more, I suggest you read further! Everything to know about Numeraire (NMR) Source: YouTube Numerai or as commonly referred to as NMR is nothing but a platform, based on the popular Ethereum blockchain that is known to allow developers as well as data scientists to simply experiment and build machine learning models with much-improved reliability. Not just that, the platform is said to be entirely focused on bringing decentralization to the field of data sciences, while also allowing developers to easily compete in creating effective machine learning prediction models. In other words, Numeraire is simply an Ethereum token that is known to power Numerai, a hedge fund based out of San Francisco which is said to crowdsource artificial intelligence in order to make investments in major stock markets all across the globe. Before moving any further, it is probably worth noting that, Numerai was founded by Richard Craib back in late 2015. Also, NMR is said to be the native utility token of the Numerai platform, which as a matter of fact can easily be used for a variety of purposes on the platform itself like Numeraire holders can stake their NMR tokens each week on specific predictions. Speaking of predictions, know that, every successful prediction is then rewarded with more NMR. Coming back to the topic, as mentioned, Numerai claims to be the first-ever hedge fund to have launched a virtual currency on the market. Furthermore, unlike several other traditional hedge funds, Numerai is said to rely on the data as well as predictions that are produced by tournament participants in order to participate in the stock market. Talking of tournaments, you should be aware that, Numeraire is known to have two applications that are aimed at different types of traders including signals and tournaments. Now, signals refers to an avenue to upload stock market strategies that are said to support a specific stock or trading style. Source: CryptoTips On the other hand, a tournament is simply a weekly competition of sorts wherein users submit trading algorithms about the stock markets, thus allowing anyone to bet on the most likely outcome there is. Apart from this, the platform also claims to be the first hedge fund to have used machine learning so heavily in its so-called investment strategy. Basically, one of the major benefits of the said NMR token is that, it is generally awarded to data scientists whose models perform well in the Numerai tournament. As a result, NMR becomes much more valuable as and when more people enter the said tournament and start competing. Having said that, the models that are said to be ventured for the tournament also allow Numerai to actively participate in stock market trading, based on the results that are released by the participating projects. Not just that, the said ecosystem of the platform is known to be relied upon the Erasure protocol, which is nothing but a set of smart contracts on the popular Ethereum blockchain, thus enabling Numerai to either reward the users on the platform who have staked their NMR coins to a rather correct outcome or destroy it if they were wrong! Lastly, this innovative approach to stock trading is what actually makes Numerai as one of the few hedge funds to rely significantly on data predictions that are regenerated with the help of artificial intelligence (AI). Now that we have talked much about Numeraire, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we? Investing in Numeraire (NMR) Source: Crypto Gem Tokens As of today, the price of Numeraire is about 26.74 US dollars with a twenty-four-hour trading volume of 67,300,294 dollars. Not just that, in just the past twenty-four hours, the value of the Numeraire has gone down by 12.99 percent, and with the current market cap of 157,437,534 US dollars, NMR is currently placed at #285 position as per the CoinMarketCap rankings. Also, it is worth mentioning that, the current circulating supply of the Numeraire is 5,888,504 NMR coins, with the maximum lifetime supply of the token being 11,000,000 NMR coins. In just the past week alone, the price of the platform has fallen by 1.87 percent. Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in Numeraire is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that Numeraire can prove to be a profitable investment in the near future, which is likely to provide you with higher returns and it is a possibility that your current investment may increase in value. But again, nothing can be said for sure! Source: Nomics As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, Numeraire does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary. If you are wondering, where can you buy Numeraire? Let me help you with that. Currently, Numeraire is available on all major crypto exchanges but, some of the popular exchanges that have NMR listed on them include Binance, OKX, KuCoin as well as DigiFinex to name a few. In conclusion, what are your thoughts on Numeraire? Do let us know in the comments area below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!

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