What happened
Mercor raised a $750M Series D at a $20B valuation after hitting $3B annualized revenue, up from $1B in February and $2B in June, and reports 5 million experts.
Why it matters
The rapid revenue climb shows strong demand for Mercor's expert data marketplace, which supplies training and evaluation work for AI models.
WHO IT HITSThis funding gives Mercor more capital to expand its network of expert contributors and compete with rivals like Handshake AI in the market for AI training data.
Summaries like this, every morning.
Mercor's latest round comes after a steep revenue climb over a short period. The company crossed $1B in annualized revenue in February, reached $2B in June, and has now hit $3B. That trajectory, achieved in 27 months, is what underpins the $20B valuation. The company also reports 5 million experts on its platform, positioning it as a large marketplace for specialized human input used in AI development. Competitor Handshake AI was the subject of a recent deep dive, suggesting Mercor operates in a competitive landscape of data vendors. The funding gives Mercor capital to further build out its expert network and infrastructure.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
In Anthropic's IPO roadshow video, co-founder Tom Brown said Claude trains and serves across AWS Trainium, Goo…
Anthropic set a proposed IPO valuation of up to roughly $1.4 trillion, below earlier reported expectations of…
Databricks said Genie One now combines Genie Search across tools like Google Drive, Jira and Confluence, in-co…
Databricks introduced the new Genie, an autonomous AI coworker that stays on the job continuously, tracking pr…
The New York Times reported Jensen Huang allegedly had an affair with Alice Huang, a one-time Megaspeed execut…
Google DeepMind unveiled AlphaGenome 2, trained on more than 100 million individual cell profiles across 68 ti…
