Mercor, an artificial intelligence-powered hiring business, has raised $100 million in Series B funding, bringing its total valuation to $2 billion. The business, which was valued at only $250 million five months ago after collecting $30 million in Series A funding, has grown rapidly as demand for AI-driven recruitment solutions has increased.
Founded in 2023, Mercor is betting that AI can make better hiring decisions than humans. Its platform automates the entire hiring process, from resume screening and candidate matching to AI-powered interviews and payroll management. Employers provide job descriptions, and Mercor’s system recommends candidates based on their qualifications and predicted job performance. CEO Brendan Foody, speaking on CNBC’s Squawk Box, stated that Mercor’s AI
AI Hiring Startup Mercor Raises $100M Series B at $2B Valuation, Sees Soaring Demand from AI Labs
- By Anshika Mathews
- Published on
At a high level, Mercor is training models that predict how well someone will perform on a job better than a human can.
