TechCrunch·3 min read·medium
Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers
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Dominic-Madori Davis
✦AI Summary
Ryan Williams, founder of Cadre, has raised $10 million for his new AI startup, Ellis, which aims to automate workflows for private credit managers. The platform uses AI agents to centralize fragmented financial data while keeping human experts in the loop.
Ellis AI announced Thursday its emergence from stealth with $10 million in seed funding from investors including First Round Capital, 645 Ventures, Harlem Capital, Khosla Ventures, Thrive Capital, Slow Capital, and Ariel Alternatives CEO Mellody Hobson.
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