Mercor raises $750 million at a $20 billion valuation

Mercor has raised a $750 million Series D that values the company at $20 billion. Co-founder Brendan Foody's November 10 post includes an employee tender in that total.

The $750 million includes an employee tender. The post does not divide that total between the employee tender and new funding for the company. It also gives no price for the shares sold in the tender. No single lead investor is named.

Benchmark, Felicis, and Fundomo are on the list. Funds tied to Apollo affiliates participated, as did G Squared, General Catalyst, and Glade Brook Capital. Nvidia and Salesforce took part. Sapphire Ventures and StepStone are listed, and so are XTX Ventures and Zoom.

The money is aimed at evaluations and post-training. The round is meant to speed infrastructure and research for those tools, and to add environments where agents can practice complex workflows. The post names neither a price for that work nor an enterprise customer.

The expert network is above five million people. Those experts are paid to train frontier models from knowledge specific to their fields. This year the company opened offices in New York and London, on top of its San Francisco base.

Deeptune became part of Mercor earlier this year. That group had already put two years into rebuilding hundreds of workplace applications where agents can rehearse professional tasks. The company also reports that it already spends three times as much on inference as it spends on salaries, and that the inference bill pays for itself by making the team better at the work.

The post counts more than 800 occupations in the United States. Each is described as holding workflows that models have not yet been scored against. The post does not name those occupations.