February 20, 2025:
Young Founders AI Recruiter Mercor Hits $2B Valuation - Mercor, an AI-powered recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round, bringing its valuation to $2 billion. The round was led by Felicis and included support from major investors. The company uses AI to streamline hiring, claiming to eliminate bias and improve candidate matching.
Experiencing rapid growth, Mercor reports a $75 million ARR and supports the world's leading AI labs. The startup aims to redefine employment by emphasizing expertise over tenure and adapting to AI-driven economic shifts with gig-like work models.
