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Ryan Williams' Ellis AI raises $10M in seed funding led by First Round Capital and others to enhance AI-driven solutions for private credit managers.

PRIVATEJul 31, 2026•9 days ago

Amount Raised

$10 Million

Round Type

Seed

SoftwareArtificial IntelligenceSaasMachine Learning

Investors

Mellody HobsonSlow CapitalThrive CapitalKhosla VenturesHarlem Capital645 VenturesFirst Round Capital

Description

Ellis AI has emerged from stealth with $10 million in seed funding to develop AI agents for private credit managers. The platform aims to streamline the fragmented workflow in managing documents and spreadsheets. Founded by Ryan Williams, Ellis connects existing software systems for easier management. This funding will facilitate further development of their innovative solutions.

Company Information

Company

Ellis AI

About

Ellis AI is an AI startup aimed at streamlining the fragmented workflows of private credit managers. Founded by Ryan Williams, who previously co-created the real estate investment platform Cadre, the company seeks to centralize software, accounting information, and documents into a single, accessible platform. It utilizes AI agents to assist in tasks like portfolio monitoring and report preparation, enhancing efficiency. The platform helps firms maintain a human-in-the-loop approach, ensuring expert judgment in significant decisions.

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Strategic

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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