Mercor Targets $10B Valuation in Series C Talks as AI Training Demand Surges
By James Dargan · · 1 min read
Mercor, the AI talent and data services startup founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha, is in discussions with investors for a Series C round that could value the company at $10 billion or more, according to sources familiar with the negotiations. This comes just months after its $100M Series B led by Felicis at a $2 billion valuation.
Mercor provides companies such as OpenAI, Meta, Amazon, Microsoft, Google, and Nvidia with domain experts — including scientists, doctors, and lawyers — to train and refine foundational AI models. The startup has rapidly scaled to more than $450M in annualized revenue and is profitable, distinguishing itself in a competitive market that includes Scale AI, Surge AI, and Turing.
The company is also expanding into reinforcement learning infrastructure and long-term plans for an AI-powered recruiting marketplace. To support its next phase of growth, Mercor recently appointed Sundeep Jain, former Uber chief product officer, as its first president.
Featured image: Credit: Mercor
