📝 Mercor raises $100M

Liam Gill
February 21, 2025

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Mercor, the AI-powered recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round led by Felicis, pushing its valuation to $2 billion—an 8x jump from last year. The startup, backed by Peter Thiel and Jack Dorsey, uses AI to automate hiring, offering resume screening, AI interviews, and payroll management. With demand from AI labs and an expanding global talent pool, Mercor's revenue has surged to a $75 million ARR. While critics question AI’s role in hiring bias and job displacement, CEO Brendan Foody argues it enhances efficiency, enabling a more specialized gig-like work model.

Founders who have raised seed rounds should aim to burn $100-125K / month for best results, most of the time. If you're burning more than that, i'd take a hard look at your model, financials, and path to product market fit to see if you need to make some changes.
— Gale Wilkinson @VITALIZE (@galeforceVC)
6:05 PM • Feb 20, 2025

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