● Covered by 1 source · 1 reportMedium impact
Mercor in early talks for $20B valuation, plans acquisition of Deeptune
Key points
- Mercor aims for $20B valuation in new funding round.
- Company's annual revenue run rate reaches $2B, doubling in four months.
- Mercor acquires Deeptune and integrates its team.
Valuation Talks
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.
Revenue Growth
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.
Acquisition of Deeptune
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.
Overcoming Challenges
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.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
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.