KelAI Raises $5M to Build an Autonomous Research Engine for Hedge Funds

The quant hedge funds that built the industry’s biggest edges did it by hiring more brilliant minds – but even the best teams at Millennium and WorldQuant eventually hit a ceiling. KelAI thinks that ceiling is about to disappear. The NYC-based YC-backed startup has raised $5M to run the entire investment research loop autonomously, and it already has signals live with an institutional investor. What happens to alpha when research no longer has to wait on humans?