AI Data Company Mercor Completes $750 Million Series D Financing, Valuation Doubles to $20 Billion in One Year
2026-11-11 14:05:59
According to CoinMeta, data company Mercor announced the completion of a $750 million Series D financing round, raising its valuation to $20 billion, which is double that of last October. Investors such as NVIDIA, Salesforce, Zoom, Benchmark, and General Catalyst participated in the round. Founder Brendan Foody stated that thanks to companies beginning to evaluate and train AI models on their own, the company was able to increase its annual revenue from $1 million to $3 billion in just 27 months. Mercor primarily recruits professionals such as doctors, lawyers, and programmers to design tasks, evaluate the responses of AI, and create training data. In the past, it mainly served model developers such as OpenAI, Anthropic, and Google. In the first half of this year, 91% of its total revenue still came from these types of customers. Today, Mercor is expanding its business to large enterprises, utilizing the technology acquired earlier to simulate hundreds of enterprise software systems, allowing intelligent agents to practice repeatedly in environments that are close to real-life settings.
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Source:Internet
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