Mercor announces $750m Series D including an employee tender
The AI training and evaluation company’s latest transaction values it at $20 billion.
Mercor has announced a $750 million Series D at a $20 billion valuation. The transaction includes an employee tender; the company did not disclose the split between new capital and purchases of employee shares.
Participants include Benchmark, Felicis, Fundomo, G Squared, General Catalyst, Glade Brook Capital, NVIDIA, Salesforce, Sapphire Ventures, StepStone Group, XTX Ventures and Zoom, alongside funds managed by affiliates of Apollo.
Mercor supplies human expertise, custom evaluations and simulated work environments to AI labs and enterprises. It will invest in research and infrastructure for evaluation and post-training, and in environments where agents can practise professional workflows.
Use of funds
Infrastructure and research for AI evaluation and post-training
Simulated enterprise environments for agent training