Mantic raises $25M for superhuman forecasting

by@Reuters

Summary

AI startup Mantic has successfully raised $25 million in seed funding, led by Radical Ventures, after outperforming human competitors in the recent Metaculus Cup forecasting tournament. Mantic's AI technology demonstrated superior accuracy in predicting political, economic, and cultural events, marking a notable achievement where technology surpassed human forecasters for the first time. With backers including Microsoft's M12 and Balderton Capital, the company has garnered significant interest from global businesses and government agencies, particularly hedge funds and trading firms eager to leverage its predictive capabilities for financial gain. CEO Toby Shevlane, who co-founded Mantic after his tenure at Google DeepMind in 2024, emphasized the company's goal to enhance human understanding of future events through innovative AI models.

Tokens

$MSFT

Analysis

Mantic: Mantic is an artificial intelligence developer that specializes frontier AI models from other labs for improved forecasting of political, economic, and cultural events. The London-based startup outperformed human contestants in the 2026 Metaculus Cup forecasting tournament. Its technology has drawn interest from companies, government agencies, hedge funds, and trading firms. Microsoft: Microsoft is a major technology company whose venture fund M12 participated as a backer in Mantic's seed round. Toby Shevlane: Toby Shevlane is the CEO and co-founder of Mantic, having previously worked as a research scientist at Google DeepMind before co-founding the company with Ben Day in 2024. His experience at DeepMind inspired the focus on AI tools for predicting global events. Radical Ventures: Radical Ventures is a venture capital firm that led Mantic's seed funding round. Partner Aaron Rosenberg joined Mantic's board following the investment. Investor Appeal: Hedge funds and trading firms have shown particular interest in Mantic's predictive capabilities for immediate financial applications. Customer Integration: Global companies and government agencies have already integrated Mantic's AI forecasting technology. Forecasting Performance: AI entrants including Mantic achieved top results in the Metaculus Cup, marking the first time technology outperformed human forecasters overall.

Categories

aitechpoliticsai_agentsmachine_learning
View Original Tweet