Founded in 2015 by Richard Craib, Numerai is a San Francisco-based hedge fund that aims to build the world's most advanced financial models by decentralizing its research and development. The company hosts a continuous data science tournament where participants build predictive machine learning models based on obfuscated financial data provided by Numerai. Data scientists stake Numerai's cryptocurrency, Numeraire (NMR), on their models' performance. Successful predictions are rewarded with more NMR, while poor predictions result in the staked tokens being "burned" (destroyed). This unique incentive structure allows Numerai to aggregate thousands of models into a single "meta-model" that drives the fund's equity trading strategy.

Founded in

United States