Repeat Founder Ryan Williams Raises $10M Seed for an AI Startup for Private Credit Managers
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TechCrunch
digestwire.comRepeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers
Ellis AI announced Thursday its emergence from stealth with $10 million in seed funding.
Private credit moves 2.5 billion dollars around the world, but its back-office is still trapped in spreadsheets that are not spoken to each other. Ryan Williams, founder of the unicorn Cadre, launches Ellis with artificial intelligence to put order in that data chaos. The lesson: finding industries where information lives on seven different systems is a huge opportunity. Williams is not a newcomer. In 2015 he co-founded Cadre, the platform that …
Private credit AI platform Ellis launches with $10m seed funding
Artificial intelligence-powered private credit operations platform Ellis has launched after raising more than $10m (£7.5m) in seed funding. The financing was led by First Round Capital, with investors including 645 Ventures, Harlem Capital, Khosla Ventures, Slow Ventures, Wilshire Lane, Westbound, Collide Capital and Gallery Ventures. Individual investors included Ariel Alternatives chief executive Mellody Hobson, Thrive […] The post Private cre…
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