[AINews] Mercor $750m Series D at $20B valuation, $3B run rate

Our usual bar for making a fundraise a title story these days is a decacorn ($10B) valuation. We missed Mercor’s $10B Series C last year when it had less than $500m in revenue, but knew we wouldn’t have to wait too long til the next round, since it crossed $1B in Feb and $2B in June, it has now hit $3B annualized, surviving hacks:

The company reports 5 million experts, and their TAM: “In the United States alone, there are more than 800 distinct occupations, each containing workflows that models have yet to be evaluated against.”

We’re seeing the impact of AI investment in our business. We already spend 3x as much on inference as on employee salaries, and it pays for itself by making our team better at their jobs. If that ratio holds as AI spreads through the rest of the economy, it points to something closer to double-digit GDP growth over the next five years, nearly 3x the rate we’re used to.

We have yet to do a Mercor pod (will work on it!) but to better understand a data vendor business, you can look at our recent deep dive with Handshake AI, one of their competitors:

Source: Latent Space — Read the full article on the original site ↗