Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers

Core Impact Points

• Ellis AI uses AI agents to manage documents, spreadsheets, and correspondence, streamlining the workflow of private credit managers.
• The startup was founded by Ryan Williams, who previously co-created the real estate investment platform Cadre, which raised over $160M in funding.
• Ellis AI connects to existing systems and documents, rather than forcing firms to rip everything out and start over, and keeps human experts in the loop.
• The company's goal is to help people cut through noise and make educated decisions faster, rather than replacing human judgment.
• Ellis AI has secured $10M in seed funding from investors including First Round Capital, 645 Ventures, and Khosla Ventures.
• The startup's emergence from stealth marks a significant development in the private credit management space, which has been fragmented and inefficient.