Mercor Valued at Twenty Billion in Funding

Mercor has raised seven hundred fifty million dollars in a funding round that values the artificial intelligence training startup at twenty billion dollars. The company will use the capital to help train and test artificial intelligence agents on professional tasks.

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Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. REUTERS/Dado Ruvic/Illustration

Mercor raised $750 million in a funding round on Tuesday, reaching a $20 billion valuation. The Series D financing follows a $350 million round in October of last year that valued the startup at $10 billion. The rapid valuation increase underscores surging investor demand for specialized artificial intelligence infrastructure.