Reinforcement-learning environments and benchmarks that train frontier AI models to do professional knowledge work, starting with finance
Halluminate is a nine-person San Francisco data research lab, from Y Combinator's Summer 2025 batch, founded by Jerry Wu (CEO) and Wyatt Marshall (CTO). It builds reinforcement-learning environments and benchmarks that teach frontier AI models to do professional work with judgment and complex deliverables — financial models, client-ready presentations, balanced strategic analyses — starting with finance and expanding into consulting, insurance and operations. It works with four of the five leading closed-source US AI labs and recently released the Westworld Due Diligence benchmark. The company says it reached a mid-eight-figure revenue run rate within about 10 months while strongly profitable. On October 1, 2026 it announced a $30M Series A led by Oak HC/FT with Y Combinator, Orange Collective, FT Partners and Heavybit, bringing total funding to $38.5M.
AI📍 San Francisco, CAFounded 2025
Current Valuation
Private
PRIVATE
IPO Outlookprivate
Is Halluminate going public?
No. Halluminate is private and has not filed to go public. There is no S-1 on file.
What is Halluminate's valuation in 2026?
No confirmed valuation is on record for Halluminate. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Halluminate filed an S-1?
No public S-1 is on file for Halluminate.
Who are Halluminate's investors?
Halluminate's investors include Oak HC/FT, Y Combinator, Orange Collective, FT Partners, Heavybit.
How much has Halluminate raised?
Halluminate has raised $38.5M in total across 2 disclosed rounds, most recently a Series A of $30M in Oct 2026.
Is Halluminate publicly traded — can you buy Halluminate stock?
No. Halluminate is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Halluminate on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Jerry Wu
Founded
2025
HQ
San Francisco, CA
Employees
9
Total Raised
$38.5M
Growth
Zero to a mid-eight-figure revenue run rate in ~10 months, strongly profitable, with 9 people; builds RL environments for four of the five leading closed-source US AI labs
Last Round
Series A — $30M (Oct 2026) · Lead: Oak HC/FT
IPO Status
private
Fundraising Status
Series A · $30M · this month
privateTotal raised $38.5M2 disclosed rounds
Growth & Valuation
Capital raised per round
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Series A
$30M
Oct 2026
Oak HC/FT
—
Pre-Series A (YC + seed)
$8.5M
—
—
Vertical Intelligence — AI / ML
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Talent Signal
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Founders & Key People
Jerry WuWyatt Marshall
Investors
Oak HC/FT · Y Combinator · Orange Collective · FT Partners · Heavybit
Products
Reinforcement-learning training environments for frontier AI labs (financial work first)
Westworld Due Diligence — benchmark testing AI on realistic financial work
Expansion planned into consulting, insurance, operations and adjacent knowledge work
AIAI Training DataReinforcement LearningFintechY CombinatorRecently Funded
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.