AI training startup Mercor is reportedly in talks to raise a round at a $20 billion valuation, sources tell Bloomberg. That would be quite a jump from it’s last value in October, when it raised a $350 million Series C at a $10 billion valuation.
The conversations for this latest round are at early stages, the outlet noted, yet it reported that Mercor told investors it already received a term sheet at the new valuation. This report also comes as founder-CEO Brendon Foody took to X to say the company’s annualized revenue run rate crossed $2 billion, a $100% increase from just four months ago.
