Mercor – an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering, law, chemistry, finance, etc – announced it raised $30 million in Series A funding at a $250 million valuation. The funding round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. And Victor Lazarte of Benchmark will be joining the board to continue supporting Mercor’s growth and development.
The company’s co-founders Brendan Foody, Adarsh Hiremath, and Surya Midha met in high school in the Bay Area doing competitive debate, and began ideating on company-building as college freshmen at Georgetown and Harvard. And in 2023, they dropped out and began building Mercor. Earlier this year, all three founders received the Thiel Fellowship.
Since launching, they’ve added upwards of 300,000 people to their candidate pool and created thousands of jobs globally. The team uses AI models to better assess a candidate’s skill set and predict their ability to perform well in a given role.
KEY QUOTE:
“We believe that every applicant deserves the opportunity to be interviewed when applying for jobs. The current hiring process selects candidates based on traditional resume signals, and not human ability. AI can do better.”
-Brendan Foody, Mercor’s co-founder and CEO
