February 20, 2025:
Mercor Raises $100M, Hits $2B Valuation - Mercor, an AI recruiting startup founded by 21-year-old Thiel Fellows, has raised $100 million at a $2 billion valuation. The Series B round, led by Felicis, follows prior investments from General Catalyst and Benchmark. Mercor's platform streamlines hiring through AI-driven resume screening, candidate matching, and interviews.
Despite concerns about AI bias and job displacement, Mercor claims it enhances worker value. The company has reached a $75 million ARR, predominantly from AI labs, and intends to continue disrupting traditional employment models.
