February 20, 2025:
Mercor Secures $100M, Valuation Soars to $2B - AI recruiting startup Mercor, founded in 2023 by 21-year-old Thiel Fellows, has raised $100 million in a Series B round led by Felicis, achieving a $2 billion valuation. The company uses AI to automate hiring, aiming to match candidates without bias, with influential backers including Peter Thiel and Jack Dorsey.
Mercor's growth is driven by demand from AI labs and a significant revenue increase, with a current ARR of $75 million. The company is expanding globally, focusing on efficiency and expertise to adapt to a changing workforce landscape.
