Key facts
- Ryan Williams has launched a new AI startup named Ellis AI.
- Ellis AI focuses on using AI agents to streamline workflows for private credit managers.
- The startup announced $10 million in seed funding.
- Investors in the seed funding round include First Round Capital and Khosla Ventures.
- Ryan Williams is also a co-founder of the real estate platform Cadre.
Ryan Williams, who previously co-founded the real estate platform Cadre, has officially launched Ellis AI, a startup dedicated to utilizing AI agents for the purpose of streamlining workflows specifically for private credit managers. The company announced on Tuesday that it has successfully raised $10 million in seed funding. This initial round of investment was supported by a group of prominent investors, including First Round Capital and Khosla Ventures. Ellis AI's core mission is to enhance operational efficiency within the private credit industry through the application of sophisticated artificial intelligence technologies. The startup's focus on AI agents suggests a strategy to automate and optimize complex tasks currently handled by human managers in the private credit sector.