Mercor Raises $750 Million Series D at a $20 Billion Valuation
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On November 11, 2026, AI recruiting and expert network company Mercor announced it completed a $750 million Series D funding round, reaching a post-money valuation of $20 billion. The company also disclosed that its annualized revenue has reached $3 billion, with 5 million registered experts on the platform. In addition, Mercor said its model inference spending is now 3 times its employee payroll spending, showing it is deploying large-scale compute to support its operations. The report also briefly mentioned other AI developments from the same period: Google released Gemini 4 Carbon (scoring 60.4% on CursorBench), and Anthropic published evaluation results for Claude Fable 5.2 and Mythos 5.2. Currently there is only one report on the event; details such as the investors and the use of funds have not yet been disclosed.
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- Latent Space[AINews] Mercor $750m Series D at $20B valuation, $3B run rate
Mercor has completed a $750 million Series D funding round at a $20 billion valuation, with annualized revenue reaching $3 billion. The company says it has 5 million experts and disclosed that its inference spend is now 3x its employee payroll. The piece also rounds up this week's AI news: Google released Gemini 4 Carbon (60.4% on CursorBench), and Anthropic published benchmark results for Claude Fable 5.2 / Mythos 5.2.
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