February 20, 2025:
21-Year-Olds Mercor Secures $100M for AI Hiring - Mercor, an AI recruiting startup founded by Thiel Fellows Brendan Foody, Adarsh Hiremath, and Surya Midha, has raised $100 million at a $2 billion valuation. The platform uses AI to match candidates to jobs, automate interviews, and manage payroll, aiming to reduce hiring bias. Major backers like Peter Thiel have helped the company grow its revenue to a $75 million ARR.
Mercor assists AI labs and other sectors in finding talent, though it raises concerns about job displacement. The platform focuses on matching human talent to roles that AI cannot yet perform, balancing technological advancement with opportunities for the current workforce.
