Mercor
AI Hiring & Human Data
- Valuation
- ~$10B(2025)
- Total Funding
- $100M+
- Profit Status
- High revenue growth
- Employees
- ~350
About Mercor
Mercor is an AI-powered hiring and human-data marketplace that connects domain experts with AI labs to produce high-quality training and evaluation data. It uses AI to source, vet, and match specialists — from software engineers to doctors and lawyers — for contract work, and has become a major supplier of expert human data used to train and evaluate frontier models. Mercor grew explosively to hundreds of millions in annualized revenue.
Company History
Founded 2023 by Thiel Fellows Brendan Foody, Adarsh Hiremath, and Surya Midha, Mercor started as an AI-driven recruiting platform and evolved into a leading marketplace supplying expert human data to AI labs. It raised a $100M Series B (2025) led by Felicis at a ~$2B valuation, then a $350M round reportedly valuing the company near $10B, as demand for high-quality expert-labeled data for frontier model training surged past $450M in annualized revenue.
Company Timeline
3 milestones- 2023Founded by Thiel Fellows as an AI recruiting marketplace
- 2025$100M Series B at ~$2B valuation led by Felicis
- 2025Reported ~$10B valuation as expert human-data demand surged
Funding Rounds
3 rounds| Date | Round | Amount | Investors |
|---|---|---|---|
| 2024 | Series A | $32M | Benchmark, General Catalyst |
| 2025 | Series B | $100M | Felicis, Menlo Ventures |
| 2025 | Series C | $350M | Felicis, Robinhood Ventures |
Products & Services
3- Mercor talent marketplace
- AI interviewer
- Expert data & evaluation services
People & ecosystem
Key People
- Brendan Foody (CEO, co-founder)
- Adarsh Hiremath (co-founder)
- Surya Midha (co-founder)
Key Investors
- Felicis
- Benchmark
- General Catalyst
- DST Global
- Menlo Ventures
Competitive Landscape
- Scale AI
- Surge AI
- Turing
- Handshake
- Snorkel AI