AI training startup Mercor is negotiating to secure funding at a $20 billion valuation, a significant increase from its prior $10 billion figure. This anticipated growth follows a notable rise in annualized revenue and the announcement of its acquisition of Deeptune, indicating recovery from earlier setbacks.
Mercor is reportedly discussing a new funding round that could bring its valuation to $20 billion. This represents a doubling from its previous valuation of $10 billion achieved in October after a $350 million Series C funding round.
Recent reports reveal that Mercor's annualized revenue run rate has surpassed $2 billion, marking a 100% increase in just four months. This rapid growth highlights the company's potential within the competitive AI training market.
In conjunction with its funding discussions, Mercor announced its acquisition of Deeptune, a company specializing in training AI agents. The acquisition will see the entire Deeptune team join Mercor, enhancing its capability to develop AI training solutions.
This positive news comes after a challenging start to 2026 for Mercor, which included a data breach and legal issues involving contract workers. The recent developments suggest the company is moving past these setbacks and gaining traction in the market.
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AI training startup Mercor is negotiating to secure funding at a $20 billion valuation, a significant increase from its prior $10 billion figure. This anticipated growth follows a notable rise in annualized revenue and the announcement of its acquisition of Deeptune, indicating recovery from earlier setbacks.