Numer.ai is a crowdsourced hedge fund for machine learning experts

Richard Craib believes that some of the best stock pickers aren’t on Wall Street. The former hedge funder came to the realization that tech’s machine learning experts may be able to build better predictive models than those with finance backgrounds.Craib carried this thesis forward when he launched Numer.ai last year, a crowdsourced hedge fund. The startup hopes to attract the best and brightest minds at companies like Google and pay them for their AI skills. And the first year saw significant traction, with 7500 “data scientists” creating algorithms on Numer.ai’s platform. Now the startup is announcing $6 million in funding from First Round Capital and Union Square Ventures to continue their team’s expansion and buy more historical data sets (Craib refused to say where they get their data from). “We invested…


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