Get the latest tech news
Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate
The two-year-old startup has been in discussions with investors for a Series C round.
Mercor, a startup that connects companies like OpenAI and Meta with domain experts needed to train and refine their foundational AI models, is in discussions with investors for a Series C round, according to a marketing document viewed by TechCrunch and two sources familiar with the deal talks. The company has told investors it is on track to hit the $500 million ARR milestone faster than Anysphere,the startup that makes AI coding assistant Cursor, according to one source familiar with the situation. Mercor earns revenue by providing companies with specialized domain experts to perform AI model training — such as scientists, doctors, and lawyers — and charging an hourly finder’s fee and matching rate for their work.
Or read this on TechCrunch