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MERCOR
Mercor
Artificial intelligence / AI data labeling · San Francisco, California · United States · Founded · 2023 · ≈ · 300 · employees

Mercor: Company Profile & Valuation

Private

Mercor is a private company building in artificial intelligence / ai data labeling, founded in 2023. Its most recent disclosed valuation is $20B (rumored). No public ticker exists for the company.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Mercor at a glance
Last valuation
$20B
RUMORED · JAN 2026
Raised across rounds
$882M
3 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
NVDA—
NVDA-PERP · live
Valuation history

Mercor valuation history

2 valuations. The latest, $20B rumored, was set by the Series funding in Jan 2026.

$20B
Oct 2025
$10B
Series C · post-money
Jan 2026
$20BLATEST
Series funding · rumored
+100% vs prior valuation
Latest valuation
$20Brumored
Set by the Series funding · 1 Jan 2026
×2.0since the $10B Series C in Oct 2025
Valuations
2
Priced rounds with a valuation
Event type
Primary round
The Series funding · $500M raised
Funding history

Mercor funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series A
Sep 2024
$32M
—
Benchmark
—
Series C
Oct 2025
$350M
$10B
Felicis
—
Series funding
Jan 2026
$500M
$20B
General Catalyst, Nvidia
+100.0%
Mercor · investors

Investors

General CatalystLEADNvidiaLEADFFelicisLEADBBenchmarkLEADFFelicis VenturesRobinhood VenturesPPeter ThielJJack DorseyAAdam D'AngeloLLarry SummersBBill Gurley
Will Mercor IPO?
Founded
2023
Sep 2024
Series A
Jan 2026
Series funding · $20B
IPO
Not announced
No filing has been made.
Mercor — the private market
Last valuation$20B · rumored · Jan 2026
Total raised$882M
Lead investors
General CatalystNvidiaFelicisBenchmark
IPO statusNot announced
Founded · HQ2023 · San Francisco, California · United States
Employees≈ 300
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Mercor

Mercor recruits experts including engineers, lawyers, doctors, bankers and journalists to train AI models and chatbots. Its customers include OpenAI and Anthropic . Mercor was founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha, three Bay Area high school friends, and the company is headquartered in 181 Fremont , San Francisco . According to the company, it manages 30,000 contractors as of October 2025.

In October 2025, the company raised a $350 million Series C at a $10 billion valuation, making the three then 22-year old founders the youngest self-made billionaires. Mercor to acquire Deeptune followed in mid-2026.

The money screen · ranked by accessibility

How to get Mercor exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Mercor.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Mercor availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Mercor included.

No account needed

Mercor stock — frequently asked questions

How can I get exposure to Mercor?›

The routes section explains what is realistically available for a company at this stage.

Is Mercor publicly traded?›

No. Mercor is a private company; its shares do not trade on a public exchange.

What is Mercor's valuation?›

The last valuation is $20B (rumored, Jan 2026).

Who has invested in Mercor?›

Lead investors for each round are in the funding timeline.

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