Repeat founder Ryan Williams, known for co-creating real estate investment platform Cadre, has launched Ellis AI out of stealth with a $10M seed round led by investors including First Round Capital, Khosla Ventures, and Thrive Capital. The AI startup builds agents to centralize fragmented workflows for private credit managers, automating tasks like portfolio monitoring, discrepancy detection, and fund close processes.
Background
Private credit is one of the fastest-growing segments in alternative investments, with over $1.5 trillion in assets under management globally. The sector has seen significant growth but remains heavily reliant on manual processes and fragmented software tools.
- Source
- TechCrunch
- Published
- Jul 31, 2026 at 08:00 PM
- Score
- 6.0 / 10