February 20, 2025:
Mercor Secures $100M, Valued at $2B - Mercor, an AI recruiting startup founded by 21-year-old Thiel Fellows, has secured $100 million in a Series B round, valuing the company at $2 billion. The platform automates processes like resume screening and candidate matching. Major investors include Peter Thiel and Jack Dorsey.
The startup's rapid growth targets tech roles but is expanding into other fields. Its AI-driven methods aim to reduce bias and improve job placement. Mercor's annual revenue run rate is $75 million, supported by AI labs like OpenAI.
