Series C funding
-
AI Hiring Startup Mercor Valued at $10 Billion After New Funding Round
Mercor, an AI startup training AI models, secured $350M in a Series C round led by Felicis, valuing the company at $10B. The funding will expand talent, improve matching systems, and accelerate delivery. Mercor utilizes a network of 30,000 experts, paying them over $1.5M daily to provide nuanced training. The company benefited from market shifts after Meta’s investment in Scale AI, creating an opening for providers like Mercor. However, it faces competition from other players in the data-labeling and AI training space.
