Mercor Raises $350M Series C at $10B Valuation
Mercor, a company that connects AI labs with domain experts for training their foundational AI models, has confirmed to TechCrunch that it has raised $350 million at a $10 billion valuation.
The Series C round was led by Felicis Ventures, which also led the company's previous $100 million Series B at a $2 billion valuation. Existing investors Benchmark and General Catalyst, as well as new investor Robinhood Ventures, also participated in the round.
As
TechCrunch reported in September, Mercor was in talks with investors to raise a Series C at a valuation of $10 billion, up from its target of $8 billion a few months prior.
- Investment: $350 million
- Valuation: $10 billion
- Lead investor: Felicis Ventures
Author's summary: Mercor raises $350M at $10B valuation.
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