Mercor has raised a total of $133.6 million across multiple funding rounds, with its largest being a $100 million Series B round in February 2025. The San Francisco-based company is an AI-driven recruitment platform designed to streamline the hiring process for both job seekers and employers. Mercor leverages artificial intelligence to match candidates with potential employers by analyzing skills and experiences, reducing job search time, and enhancing hiring efficiency for companies.
Keep reading to explore Mercor's funding journey, key investors, and what's next for this innovative hiring platform.
What Is Mercor and What Does It Do?
Mercor, founded in January 2023 by Adarsh Hiremath, Brendan Foody, and Surya Midha, is headquartered in San Francisco, California. The company specializes in AI-based recruitment solutions that match job seekers with potential employers by analyzing skills, experience, and career goals. Its platform is designed to reduce time spent on job searches and improve the efficiency of hiring for companies across industries. With a team of 101–250 employees, Mercor aims to transform the way talent connects with opportunities in the digital age.
How Much Funding Has Mercor Raised?
- Seed Round
- Amount Raised: $3.6M
- Date: September 2023
- Lead Investors: General Catalyst
- Motivation: Initial funding to develop and launch the AI recruiting platform.
- Series A
- Amount Raised: $30M
- Date: September 2024
- Lead Investors: Benchmark
- Valuation at Round: $250M
- Motivation: To scale the platform and expand its capabilities.
- Series B
- Amount Raised: $100M
- Date: February 2025
- Lead Investors: Felicis
- Valuation at Round: $2B
- Motivation: To accelerate the company's ability to match billions of people with their calling.
Total Funding Raised: $133.6M
Latest Funding Date: February 1, 2025
Key Investors
- Felicis
- Details: Felicis is a venture capital firm that invests in early-stage companies, known for backing innovative startups.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Shopify, Canva, Plaid
- Benchmark
- Details: Benchmark is a Silicon Valley-based venture capital firm recognized for early investments in successful tech companies, providing guidance and support to portfolio firms.
- Investment Focus Areas: Software, Internet, Mobile
- Notable Investments: Uber, Twitter, eBay
- General Catalyst
- Details: General Catalyst partners with founders from seed to growth stage, aiming to build enduring companies.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Airbnb, Stripe, Snap
- DST Global
- Details: DST Global is a global investment firm focused on late-stage internet companies and market leaders.
- Investment Focus Areas: Internet, Technology, E-commerce
- Notable Investments: Facebook, Alibaba, Spotify
- Menlo Ventures
- Details: Menlo Ventures provides capital and support to early and growth-stage companies, with over four decades of investing experience.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Uber, Roku, Siri
Where Is Mercor's Headquarters?
Mercor is headquartered in San Francisco, California, offering access to top tech talent, AI research institutions, and strategic business partners. Its location allows the company to stay at the forefront of AI-driven recruitment solutions and collaborate with global technology leaders.
What's Next for Mercor?
Mercor is poised to expand its talent pool and form partnerships with leading AI labs. The company's rapid growth in Europe and South America, alongside its strong presence in India and the U.S., highlights the potential for scaling its AI-driven recruitment platform globally. Future fundraising opportunities are promising, given Mercor's impressive annual revenue run rate and high ARR multiple.
Key challenges include addressing AI hiring bias and managing perceptions around job displacement, which will be critical as the company continues to innovate in a competitive market.
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