AI trading lab Nof1 raises $15M led by Sui Group

AI trading lab Nof1 has raised $15 million in a funding round led by Nasdaq-listed Sui Group (SUIG) and London-based hedge fund Carthage, CoinDesk reported. Nof1 is developing Alpha Arena, a platform that allows AI models from OpenAI, Anthropic, and Google to compete using real funds. Meanwhile, Sui Group is focused on attracting institutional investment to the SUI blockchain ecosystem.