Mercor is in talks for a $20B valuation
A new $20 billion valuation would be a giant step up from the $10 billion valuation it reached in October.
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 its 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 Brendan Foody took to X to say the company’s annualized revenue run rate crossed $2 billion, a $100% increase from just four months ago.
Mercor also announced on Thursday that it was buying Deeptune, a company that helps train AI agents. The entire Deeptune team will be joining Mercor as part of the acquisition, per its press release . The revenue numbers, acquisition, and potential new funding signal that Mercor may have put its bumpy early 2026 troubles behind it. Earlier this year, the company suffered a data breach and several of its contract workers filed lawsuits, Business Insider reported .
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