Mercor Raises $100M in Series B, Valued at $2B, to Expand AI Recruiting Platform

Mercor is disrupting the traditional hiring process by applying AI to talent acquisition at scale.

Mercor Raises $100M in Series B, Valued at $2B, to Expand AI Recruiting Platform
Source: Mercor

Company Name: Mercor
Location: San Francisco, CA
Industry: AI-powered recruiting

Funding Details:

  • Amount: $100M (Series B)
  • Valuation: $2 billion
  • Investors:
    • Lead: Felicis
    • Participants: Benchmark, General Catalyst, DST Global, Menlo Ventures
  • Previous Rounds:
    • Seed (2023): $3.6M, led by General Catalyst
    • Series A (2024): $32M at a $250M valuation, led by Benchmark

Purpose of Investment:

  • Accelerate Mercor’s ability to match job seekers with roles using AI
  • Expand its hiring platform beyond software engineers to new professional categories
  • Scale AI-driven job-matching capabilities and refine predictive hiring models

Leadership:

Product:

Mercor is an AI-powered hiring platform that automates the recruitment process for employers and job seekers. By leveraging AI, the platform:

  • Automates resume screening and candidate matching
  • Conducts AI-driven job interviews to assess candidate skills
  • Provides employers with pre-qualified candidates for full-time, part-time, or hourly roles
  • Offers payroll management solutions

Mercor’s AI hiring model claims to reduce bias in recruitment and improve hiring efficiency, though AI-based hiring bias remains a debated topic. The platform has already been adopted by tech companies such as OpenAI, which use its automated tools to identify top talent.

How It Works:

  1. Job seekers complete a 20-minute AI interview, which evaluates their skills and creates a profile.
  2. Employers upload job descriptions, and Mercor’s AI recommends the best candidates.
  3. The system continuously refines its matching predictions based on performance data.

About the Company:

Founded in 2023 by Thiel Fellows Brendan Foody, Adarsh Hiremath, and Surya Midha, Mercor is disrupting the traditional hiring process by applying AI to talent acquisition at scale. Initially focused on software engineering roles, the company has expanded into hiring for consultants, PhDs, bankers, doctors, and lawyers to meet growing demand from AI labs and enterprises.

With 468,000 applicants evaluated, Mercor is rapidly growing its global talent pool. India remains the largest source of candidates, followed by the U.S., with expansion efforts underway in Europe and South America.

Future Plans:

With this funding, Mercor will enhance its AI-powered hiring tools, expand into new professional sectors, and continue its mission to optimize talent placement by applying human potential to its highest use.

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