AI hedge fund Numerai secures $30 million funding from leading university endowments, NMR token surges

Numerai’s recent funding, led by major university endowments, marks a significant milestone, pushing its valuation from $100 million to $500 million in just one year.

The Numeraire (NMR) token rose over 40% after the funding announcement, reflecting strong investor confidence in the hedge fund’s growth and strategic direction.

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