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Mercor Secures $350M, Soars to $10B Valuation

10/28/2025

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Summary

Story summary

Mercor raised $350 million in a Series C, valuing the company at $10 billion.
The round was led by Felicis Ventures and included Benchmark, General Catalyst, and Robinhood Ventures, lifting Mercor’s valuation from $2 billion.
Mercor connects AI labs with domain experts to train AI models in healthcare and finance.
It is on track to reach $500 million in annual recurring revenue by expanding its talent network and automating workflows.

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Story summary

Mercor raised $350 million in a Series C, valuing the company at $10 billion.
The round was led by Felicis Ventures and included Benchmark, General Catalyst, and Robinhood Ventures, lifting Mercor’s valuation from $2 billion.
Mercor connects AI labs with domain experts to train AI models in healthcare and finance.
It is on track to reach $500 million in annual recurring revenue by expanding its talent network and automating workflows.