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Mercor Aims for $10B Valuation Amid Legal Challenges

9/10/2025

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Summary

Story summary

Mercor, founded in 2022 by Thiel Fellows, is expanding in the AI sector by linking companies like OpenAI with domain experts.
The startup aims for a $10 billion valuation in its Series C funding, up from $8 billion.
Annualized revenue is nearing $450 million, with expectations to hit $500 million soon.
Mercor charges clients for expert connections for AI model training.
Legal challenges from Scale AI allege theft of trade secrets.

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Story summary

Mercor, founded in 2022 by Thiel Fellows, is expanding in the AI sector by linking companies like OpenAI with domain experts.
The startup aims for a $10 billion valuation in its Series C funding, up from $8 billion.
Annualized revenue is nearing $450 million, with expectations to hit $500 million soon.
Mercor charges clients for expert connections for AI model training.
Legal challenges from Scale AI allege theft of trade secrets.