CosmicTaco

Young Founders' AI Startup Hits $2B Milestone

CosmicTaco · 2025-02-21T10:57:38.713330+05:30

- Mercor, an AI recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round. - The funding round was led by Felicis, valuing the company at $2 billion, an eightfold increase from its previous valuation. - The platform uses AI to streamline hiring processes, including resume screening, candidate matching, and AI-powered interviews. - Mercor claims its system reduces hiring bias and improves efficiency in job matching, attracting clients like OpenAI. - With rapid revenue growth and a $75 million annual revenue run rate, Mercor plans to expand its talent pool and enhance its AI capabilities. Source: [TechCrunch](https://techcrunch.com/2025/02/20/mercor-an-ai-recruiting-startup-founded-by-21-year-olds-raises-100m-at-2b-valuation/)

Mercor, an AI recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round.
The funding round was led by Felicis, valuing the company at $2 billion, an eightfold increase from its previous valuation.
The platform uses AI to streamline hiring processes, including resume screening, candidate matching, and AI-powered interviews.
Mercor claims its system reduces hiring bias and improves efficiency in job matching, attracting clients like OpenAI.
With rapid revenue growth and a $75 million annual revenue run rate, Mercor plans to expand its talent pool and enhance its AI capabilities.

Source: TechCrunch