Marketplace matching AI labs with pre-vetted domain experts for RLHF, data labeling, and model training
AI📍 San Francisco, CAFounded 2023
Current Valuation
$10B
as of 2025-Q4
DECACORN
IPO Outlookprivate
Is Mercor going public?
No. Mercor is private and has not filed to go public. There is no S-1 on file.
What is Mercor's valuation in 2026?
Mercor is valued at $10B as of 2025-Q4, set by its Series C ($350M, Oct 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Mercor filed an S-1?
No public S-1 is on file for Mercor.
Who are Mercor's investors?
Mercor's investors include Felicis, Benchmark, General Catalyst, Robinhood Ventures, Thrive Capital, Peter Thiel (via Thiel Fellowship).
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Mercor is a marketplace that connects frontier AI labs including OpenAI and Meta with pre-vetted domain experts for reinforcement learning from human feedback (RLHF), data labeling, and foundation-model training. Founded by Thiel Fellows Brendan Foody, Adarsh Hiremath, and Surya Midha, the company quintupled its valuation in eight months, closing a $350M Series C led by Felicis at a $10B valuation in October 2025 with Benchmark, General Catalyst, and Robinhood Ventures participating. Mercor reached an ~$450M ARR run-rate by September 2025 and is reported by Sacra to have hit $1B revenue in 2026.
Company Profile
CEO
Brendan Foody
Founded
2023
HQ
San Francisco, CA
Est. Revenue
$1.0B (2026)
Growth
+897% YoY revenue growth; ARR reached ~$450M run-rate in Sept 2025 and $1B by 2026
Last Round
Series C — $350M (Oct 2025) · Lead: Felicis
IPO Status
private
Fundraising Status
Series C · $350M · 10 mo ago
private
Secondary Market
Implied price / share
$746.62
Last round price / share
$713.77
vs last round
+4.6%
Open interest
6
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$350M
Oct 2025
Felicis
—
Vertical Intelligence — AI / ML
Open models
0
Downloads (30d)
0
across all models
Followers
114
Attributed to Hugging Face organization "Mercor" as of 2026-08-19. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
85
via ashby
Product-build share
44%
engineering, research, product, design
Trajectory
steady
balanced build + GTM — 44% builders vs 56% go-to-market/G&A — scaling both sides.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Infrastructure Engineer Data ScientistSoftware Engineer, AgentsProduct ManagerResearch Operations, CodeData Engineer
Counted from Mercor's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Brendan FoodyAdarsh HiremathSurya Midha
Investors
Felicis · Benchmark · General Catalyst · Robinhood Ventures · Thrive Capital · Peter Thiel (via Thiel Fellowship)
Products
Mercor expert marketplace (RLHF + domain-expert hiring for AI labs)
Mercor concierge sourcing for OpenAI, Meta, and other frontier labs
Pre-vetted contractor network for data labeling and model evaluation
Competitors
Scale AI · Surge AI · Snorkel AI · Toloka · Invisible Technologies · Turing
AIData LabelingGig MarketplaceRLHFThiel FellowsAI Training
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.