AI coaching startup Mercor is reportedly in talks to lift a spherical at a $20 billion valuation, sources tell Bloomberg. That may be fairly a leap from it’s final worth in October, when it raised a $350 million Series C at a $10 billion valuation.
The conversations for this newest spherical are at early levels, the outlet famous, but it reported that Mercor informed traders it already acquired a time period sheet on the new valuation. This report additionally comes as founder-CEO Brendon Foody took to X to say the corporate’s annualized revenue run rate crossed $2 billion, a $100% improve from simply 4 months in the past.
Mercor also announced on Thursday that it was shopping for Deeptune, an organization that helps prepare AI brokers. The whole Deeptune staff shall be becoming a member of Mercor as a part of the acquisition, per its press release. The income numbers, acquisition and potential new funding sign that Mercor might have put its bumpy early 2026 troubles behind it. Earlier this yr the corporate suffered a data breach and a number of other of its contract employees filed lawsuits, Business Insider reported.
