AI data company Mercor closes $750 million Series D funding, valuation doubles to $20 billion in one year.

Beating AI News Flash: AI data company Mercor has announced the completion of a $750 million Series D funding round, reaching a valuation of $20 billion, double its valuation from October last year. Nvidia, Salesforce, Zoom, Benchmark, and General Catalyst participated in the investment.

Mercor founder Brendan Foody stated that thanks to enterprises beginning to evaluate and train AI models themselves, the company has increased its annualized revenue run rate from $1 million to $3 billion in just 27 months.

Mercor primarily recruits professionals such as doctors, lawyers, and programmers to design tasks, evaluate AI responses, and create training data. Previously, it mainly served model developers like OpenAI, Anthropic, and Google. In the first half of this year, 91% of total revenue still came from such clients.

Now Mercor is expanding its business to large enterprises. It designs AI tests based on enterprises' actual workflows and uses its previously acquired Deeptune technology to simulate hundreds of enterprise software applications, allowing agents to practice repeatedly in near-real environments.