Ellis raises $10M for private-credit agents

Ellis AI emerged from stealth with a $10 million seed round to automate reconciliation, reporting, and portfolio monitoring for private-credit managers. TechCrunch reports that Cadre co-founder Ryan Williams started Ellis last year, while the company says its platform was built with managers representing more than $50 billion in assets. For operators following the agentic enterprise stack, the signal is that vertical agents are moving below the chat layer into reconciled books where every answer must preserve source evidence and human approval.