San Francisco-based Mercor, an AI-driven hiring platform, has raised $100 million in its latest funding round, boosting its valuation to $2 billion. The investment was led by Felicis, with participation from General Catalyst, DST Global, Benchmark, and Menlo Ventures.
This funding marks a significant rise from Mercor’s $250 million valuation in September 2024. The company has also attracted high-profile investors such as Peter Thiel, Jack Dorsey, and Larry Summers.
According to CEO Brendan Foody, founded in 2023, Mercor is already profitable, with projected February 2025 revenue of $7 million and a $1 million profit with a 51% quarter-over-quarter revenue growth rate.
The funds will help Mercor expand its user base and enhance its AI capabilities. As part of this effort, the company plans to increase its workforce from 75 to 100 employees by the end of the year.
According to TechCrunch, Mercor counts the world’s top five AI labs, including OpenAI, among its users.
With its AI-powered recruitment solutions, Mercor is transforming hiring efficiency, making it a leader in the future of AI-driven talent acquisition.
