Mercor Raises $100M, Valued at $2B Boosting AI Hiring Solutions

Mercor, an AI-powered hiring platform founded by three 21-year-old Thiel Fellows, has successfully raised $100 million in a Series B funding round, bringing its valuation to $2 billion—a significant increase from its previous $250 million valuation earlier this year. The funding round was led by Felicis, with participation from notable investors such as Benchmark, General Catalyst, and DST Global. Mercor's platform automates the recruitment process, utilizing AI to screen resumes, match candidates with job descriptions, and conduct AI-driven interviews, which aims to streamline hiring and reduce biases. With over 300,000 professionals processed and more than 100,000 interviews conducted, the platform is already in use by some of the leading AI labs, including OpenAI. The company plans to use the new capital to expand its user base and enhance its AI capabilities. CEO Brendan Foody stated that their system is designed to evaluate candidate performance more effectively than traditional human recruiters.