Mercor Quintuples Valuation to $10B with $350M Series C
Mercor, a company that connects AI labs with domain experts for training their foundational AI models, has raised $350 million at a $10 billion valuation.
The funding round was led by Felicis Ventures, which also led the company's previous $100 million Series B at a $2 billion valuation. Other participants included existing investors Benchmark and General Catalyst, as well as new investor Robinhood Ventures.
TechCrunch reported in September that Mercor was in talks with investors to raise a Series C at a valuation of $10 billion, up from its target of $8 billion a few months prior.
The company had told potential investors that it already had multiple offers at the time.
Author's summary: Mercor raises $350M at $10B valuation.
- Investment: $350 million
- Valuation: $10 billion
- Lead investor: Felicis Ventures