ELLIS AI LANDS $10M SEED FROM REPEAT FOUNDER

Ellis AI focuses on automating workflows for private credit managers, a sector managing trillions in assets globally. The startup's AI platform targets operational inefficiencies common in private credit processes, from deal sourcing to portfolio management. Williams previously founded Repeat, which was acquired in 2022. His track record in enterprise software attracted investors to back Ellis AI's entry into the private credit space. Private credit has expanded significantly as institutional investors seek alternatives to traditional lending. However, the sector remains largely manual in operations, creating opportunities for automation tools. The $10 million seed round will fund product development and sales expansion. Ellis AI joins a growing number of startups targeting financial services with AI capabilities.