Mercor Quintuples Valuation to $10B with $350M Series C
Mercor, a company that connects AI labs with domain experts for training their foundational AI models, has raised $350 million at a $10 billion valuation.
The funding round was led by Felicis Ventures, which also led the company's previous $100 million Series B at a $2 billion valuation. Existing investors Benchmark and General Catalyst, as well as new investor Robinhood Ventures, also participated.
According to TechCrunch, Mercor was in talks with investors to raise a Series C at a valuation of $10 billion, up from its target of $8 billion a few months prior.
Mercor confirmed to TechCrunch that it has raised $350 million at a $10 billion valuation.
Author's summary: Mercor raises $350M at $10B valuation.
- Investment amount: $350 million
- Valuation: $10 billion
- Lead investor: Felicis Ventures
- Participating investors: Benchmark, General Catalyst, Robinhood Ventures
More News
- Things to do in the Loveland area on Tuesday, Oct. 28: Rialto Theater Ghost Tours, 4-H Town Hall and corpse flower program
- In Review: Big-Ass Sword by Andreas Butzbach
- Building Knowledge, Not Just Structures: Redefining the Architect’s Role in Times of Uncertainty
- Apple Hits $4 Trillion Market Value, Joining Nvidia and Microsoft
- MLB: The Last 10 World Series MVPs
- Brookfield/Cameco-owned Westinghouse secures US nuclear construction deal
- NextEra: Q3 Earnings Snapshot - WTOP News
- VSee Awarded US Department of Health & Human Services FedRAMP High ATO
- Massa F1 court case is irrational. But it makes perfect sense
- Coalition demands parliamentary inquiry into CFMEU 'elements of criminal conduct'