Mercor co-founder and CEO Brendan Foody has announced that the company has raised $3.6 million in funding to launch a fully automated platform. The funding round was led by General Catalyst and included participation from Scott Sandell (Chairman, CEO, and CIO of NEA), Soma Capital, Link Ventures, and 2 | Twelve Angels.
The company has built an AI vetting infrastructure that brings the same level of scrutiny to the top of a hiring funnel that is traditionally reserved for final applicants. For example, the company’s AI interviewer joins a video call and has a real-time conversation based on full context about a candidate’s background, from companies they’ve previously worked at to their most impressive personal projects.
The company’s crawlers automatically pull information from resumes, GitHubs, personal portfolio websites, etc. to create a complete picture of every applicant. This enables Mercor to navigate millions of profiles, conduct thousands of interviews, and pinpoint the one or two individuals in the world who are the perfect fit for a specific role.
Companies can then find candidates in seconds by describing them in natural language at team.mercor.com. For example, a company could query for “a full-time AI and machine learning developer who has computer vision experience.” Within seconds, Mercor’s deep semantic search queries over hundreds of thousands of resumes, personal portfolio websites, Twitters, AI interview transcripts, and GitHub to find the best matches. Then, companies can immediately watch AI interviews of candidates and add them to their team with one click, managing payments through the Mercor platform.
Mercor was founded in January of 2023 by Brendan Foody (CEO), Adarsh Hiremath (CTO), and Surya Midha (COO). Before raising capital, the team bootstrapped the business from their dorm rooms at Harvard and Georgetown to 7-figures in annual recurring revenue and a talent pool of 100,000 users spanning 25 countries.
KEY QUOTE:
“Our vision is to make hiring a simple, fast, and meritocratic process. We aim to become labor’s matchmaker, uniting people worldwide with roles that perfectly align with their skills and expertise.”
— Brendan Foody (CEO)
