AI training startup Mercor is reportedly in talks to raise a round at a valuation of $20 billion, according to sources tell bloomberg. This will be significantly higher than its last value in October, when it made a rise $350 million Series C at a valuation of $10 billion.
The outlet reported that negotiations for this latest round are in the early stages, yet noted that Mercor told investors it has already received a term sheet on the new valuation. This report also comes as Founder-CEO Brendan Foody moved to x the company says annual revenue run rate Surpassed $2 billion, which is a $100% increase from just four months ago.
Mercor also announced On Thursday that it was buying DeepTune, a company that helps train AI agents. The entire DeepTune team will join Mercor as part of the acquisition, According to its press release. Revenue numbers, acquisitions and potential new funding indicate that Mercor has left the early 2026 troubles behind it. The company had suffered a loss earlier this year a data breach And several of its contract workers filed suit, Business Insider reports.
