Mercor Eyes $20 Billion Valuation in Fresh Funding Talks
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The conversations are preliminary, and the company may ultimately decide not to proceed with a round, or the terms could shift. Sources indicate Mercor has informed potential investors that it has secured a term sheet at that valuation, the sources said. These active fundraising discussions have taken place over the past several weeks, less than a year after Mercor's previous funding round at a $10 billion valuation. A person familiar with the situation attributed part of the growth to rising demand from enterprise and application-layer firms that are building their own models and rely on Mercor for data to accelerate development. However, the revenue figure represents the total amount billed to clients, not Mercor's net share after paying contractors, who receive 60‑70% of that amount, according to another source. Get the market news that matters in a five-minute read with Market Briefs, our free daily newsletter At the time, Meta Platforms Inc. was a client and responded by indefinitely pausing its work with the startup. "The impact on customer and contractor data was very limited," a Mercor spokesperson said, citing the findings of an internal investigation. OpenAI and Anthropic continue to use Mercor's services, a person familiar said. Meta declined to comment, and neither OpenAI nor Anthropic replied to requests for comment. Founded in 2023, Mercor has quickly become a...
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