Company intelligence

Mercor

Mercor operates an AI-driven expert marketplace that supplies AI labs with vetted professionals for model training, evaluation, and RLHF data; it reached a ~$10B valuation on its Oct 2025 Series C, and as of Sept 2026 is reportedly in talks (not yet closed) to raise ~$500M at a ~$20B valuation.

AI infraSan Francisco, California, USAFounded 2023Website ↗See connections →Compare with Skild AI
Last verified Jun 2026

Key Metrics

Valuation
$10B
As of 2026Value Add VC entity registry
Rumored$20B · Jul 9, 2026 · TechCrunch
ARR
$2B
As of Jun 2026EstimatedValue Add VC entity registry
Total funding
$350M (Series C)
As of Oct 2025TechCrunch

Company Snapshot

Mercor is a AI infra company, based in San Francisco, California, USA, founded 2023. Latest valuation $10B (As of 2026, Value Add VC entity registry). Total funding $350M (Series C) (As of Oct 2025).

Recent changes

  1. Jul 9, 2026Mercor in Talks for a $20B Valuation, Doubling in Months Pulse story
  2. Jun 2026First reported arr: $2BEstimated entity-registry reconciliation
  3. Oct 27, 2025Raised $350M Series C at a $10B valuation Mercor
  4. Oct 27, 2025First reported valuation: $10B Mercor
  5. Oct 27, 2025New investor: Felicis Ventures Mercor
Earlier changes (4)
  1. Oct 2025First reported total funding: $350M (Series C) TechCrunch
  2. Feb 2025Raised $100M Series B at a $2B valuation Value Add Pulse enrichment
  3. Sep 2024Raised $30M Series A at a $250M valuation Value Add Pulse enrichment
  4. 2023Raised $3.6M Seed Value Add Pulse enrichment

Funding History

4 events · sources dated per row
DateEventAmountValuationInvestorsSource
Oct 27, 2025Series C$350M$10BMercor
Feb 2025Series B$100M$2B
Value Add Pulse research
Sep 2024Series A$30M$250M
Value Add Pulse research
2023Seed$3.6M—
Value Add Pulse research
Funding timeline · 4 rounds · $484M tracked
$0.0M$196M$392M$3.6MSeedJan 23$30MSeries ASep 24$100MSeries BFeb 25$350MSeries COct 25

Investors

Latest Pulse

  1. Mecka AI Raises $60M Series B to Scale Robot Training DataMecka AI raised a $60 million Series B led by Sequoia Capital, with Nvidia and Microsoft's M12 joining, to scale its human-motion data business for training humanoid and industrial robots.→
  2. Halluminate Raises $30M for AI Finance TrainingHalluminate, a nine-person San Francisco startup building simulated environments to train AI agents for financial work, raised a $30 million Series A led by Oak HC/FT, bringing its total funding to $38.5 million.→
  3. Snorkel AI Raises $350M, Triples Valuation To $3.5BSnorkel AI raised a $350 million Series E co-led by Insight Partners and Section 32 at a $3.5 billion valuation, nearly triple its mark from 17 months ago, as its data-as-a-service revenue run rate crossed $375 million.→
  4. The 10x Markup in Five Months Is the Real StoryAfterQuery went from a $300 million post-money in April to a reported $3.2 billion in September. I think the interesting number is not the valuation but the interval, and what it says about who is actually setting prices in AI services.→
  5. AfterQuery Becomes YC's Fastest-Ever Unicorn at $3.2BAfterQuery, which pays doctors and lawyers to train AI models, reportedly hit a $3.2 billion valuation just five months after its $30 million Series A -- the fastest run from launch to unicorn in Y Combinator's history.→
  6. Amazon Is Shutting Down Mechanical Turk After 21 YearsAmazon will fully close Mechanical Turk, the crowdsourced task platform Jeff Bezos once called 'artificial artificial intelligence,' on September 30, 2026, after AI-labeling startups hollowed out its demand.→
  7. Mercor in Talks for a $20B Valuation, Doubling in MonthsAI data-labeling startup Mercor is in talks to raise roughly $500 million at a $20 billion valuation -- doubling its worth in under a year -- with CEO Brendan Foody saying annualized revenue has crossed $2 billion.→

Coverage Timeline

newest first
  1. Jul 9, 2026FUNDINGMercor in Talks for a $20B Valuation, Doubling in Months~$500M round (talks), $20B valuation→

All Coverage

Value Add Research

Related Companies

More on MercorVerified figures in Data Truth →AI Buildout Tracker →Big Tech AI Spending →AI Valuations →Mercor valuation & business model →

Mercor FAQ

What is Mercor's valuation?

Mercor's valuation is $10B (As of 2026, Value Add VC entity registry).

How much has Mercor raised?

Mercor has raised $350M (Series C) in total funding (As of Oct 2025, TechCrunch).

Who are Mercor's investors?

Mercor's investors include Felicis Ventures, Adam D'Angelo, Benchmark, General Catalyst, Hanwha Asset Management, and 6 more (As of Jun 2026).

Sources & methodologyshow
Where these figures come from
  • Mercorprimary source1 fact
  • TechCrunchmajor outlet1 fact
  • Value Add Pulse researchValue Add VC data3 facts
  • Value Add VC entity registryunspecified source2 facts

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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