Numerai

Numerai operates a unique platform that hosts what is considered the world’s most challenging data science tournament focused on stock market predictions. The company provides participants with high-quality, clean, and regularized financial data at no cost. This data is obfuscated to ensure privacy and security. Participants, primarily data scientists, are encouraged to build predictive models using provided Python and R scripts. Numerai’s innovative approach allows these data scientists to stake their predictive models using the cryptocurrency Numeraire (NMR) to earn monetary rewards based on their model’s performance. To date, Numerai has distributed over $40 million in NMR to its participants. The company is supported by notable investors including Union Square Ventures, the co-founder of Renaissance, and the co-founder of Coinbase. Additionally, Numerai manages a quantitative global equity market neutral hedge fund, catering to institutional investors and high net worth accredited individuals.