Mercor, an AI startup founded by 22-year-old college dropouts, raises $350M and hits $10B valuation in just two years
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Mercor, an AI startup founded by 22-year-old college dropouts, raises $350M and hits $10B valuation in just two years. San Francisco - based AI startup Mercor is now valued at $10 billion after raising $350 million in a Series C round led by Felicis, with participation from Benchmark, General Catalyst, and Robinhood Ventures. The funding marks a fivefold increase in valuation since its previous raise earlier this year. "We are now a $10 billion company. We have raised our $350 million Series C, led by @felicis with participation from @benchmark, @generalcatalyst, and @RobinhoodApp Ventures," Mercor announced in a post on X. Mercor's story reads like a script from Silicon Valley's golden era - three college dropouts building a billion-dollar company out of a single conference room. Founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha, the startup has gone from a dorm-room experiment to a multi-billion-dollar AI powerhouse in just two years. From dorm rooms to $10B: AI startup Mercor raises $350M Series C led by Felicis. The company started with a simple idea: use data to make smarter hiring decisions. What began as a service that analyzed interviews and resumes for clients has evolved into a global AI talent marketplace linking experts in science, law, and engineering with major labs like OpenAI and Meta. Today, more than 30,000 contractors earn an average...
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