Numerai Secures $30 Million in Series C Funding from Leading University Endowments, Valued at $500 Million (20 Nov)
Funding Announcement: Numerai, a San Francisco-based hedge fund, has raised $30 million in a Series C financing round, increasing its valuation to $500 million, five times its 2023 valuation.
Investment Commitment: J.P. Morgan Asset Management has committed up to $500 million to Numerai’s hedge fund capacity, enabling the firm to scale its AI-driven strategies towards nearly $1 billion in assets under management.
Growth and Performance: Over the past three years, Numerai's assets under management have surged from $60 million to $550 million, with its flagship hedge fund achieving a net return of 25.45% in 2024.
Data Science Ecosystem: Numerai operates a global data science tournament where participants use the Ethereum-based cryptocurrency Numeraire (NMR) to stake on stock market signals, aligning incentives between the firm and data scientists.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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