AI Training Startup Mercor Nears $500M ARR, Seeks $10B Valuation in Series C
Mercor, a fast-growing AI training marketplace that matches domain experts with labs like OpenAI and Meta, is in Series C talks targeting a $10B+ valuation. The two‑year‑old startup says it’s near a $450M+ run rate, profitable ($6M in H1) and racing toward $500M ARR. Backer Felicis may reinvest. Mercor faces rivals (Surge AI, Scale) and a trade‑secrets lawsuit from Scale.