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Mercor Eyes $20B Valuation in Funding Talks, Hits $2B Revenue Run Rate

AI Industry News

2026-07-10 00:19:02

According to Bloomberg, San Francisco-based Mercor, an AI startup that supplies data and expert contractors to help companies build AI models, is in early talks to raise funding at approximately $20 billion valuation. CEO Brendan Foody announced this week that the company has reached a $2 billion annualized revenue run rate, up from $1 billion four months earlier. The fundraising discussions come less than a year after Mercor last raised money at a $10 billion valuation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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