Mercor, an AI-driven recruiting startup founded by 21-year-old Thiel Fellow Brendan Foody, has achieved a $2 billion valuation following a recent funding round. The San Francisco-based company raised $100 million in its Series B round, led by Felicis, with participation from General Catalyst, DST Global, Benchmark, and Menlo Ventures.
Notable previous investors include Peter Thiel, Jack Dorsey, and Larry Summers. Founded in 2023, Mercor specializes in connecting experts from various fields—such as law, medicine, and chemistry—with contract positions to aid in the development of generative AI models.
The company is currently profitable, expecting $1 million in profit and $7 million in revenue this month. With a team of approximately 75 employees, Mercor plans to expand its workforce to 100 by the end of the year. The startup’s rapid growth underscores the increasing demand for AI-driven solutions in the recruitment industry.