Mercor Raises $350 Million at a $10 Billion Valuation

Mercor is a leading artificial intelligence hiring startup that is growing its business to power the modern recruitment boom. The company focuses on developing and scaling AI-powered solutions designed to support the significant talent acquisition requirements of various industries. This new business is designed to provide reliable and scalable hiring solutions essential for the rapidly expanding tech sector.

Mercor has raised a $350 million Series C funding round, bringing its valuation to $10 billion. The round was led by Felicis with participation from Benchmark, General Catalyst, and Robinhood Ventures.

Mercor, headquartered in San Francisco, California, United States, was founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha. In February 2025, the company joined the unicorn club. “Since we founded Mercor almost three years ago, AI has advanced at an astonishing pace. But it still struggles with the subtleties that drive economically valuable work—balancing trade-offs, understanding intent, developing taste, and deciding what should be done, not just what can be done. That's where our work begins,” wrote Mercor co-founder and CEO Brendan Foody in the company’s blog.