Mercor Secures $30M in Series A Funding
Mercor, an AI-powered hiring platform, has raised $30 million in a Series A round, bringing its total valuation to $250 million today.
In Short:
- Mercor raises $30M at a $250M valuation.
- AI platform streamlines hiring across tech and other fields.
- Free resume and interview feedback offered to celebrate.
The new funding was led by Benchmark’s Victor Lazarte and Bill Gurley, with contributions from notable investors like Peter Thiel, Jack Dorsey, and Adam D'Angelo. Lazarte will also be joining Mercor’s board to support the growth of this startup aiming to create jobs with AI.
Yes, while others are concerned about AI taking jobs and giants are laying off hundreds of employees, Mercor is revolutionizing hiring for top tech companies and AI labs, helping them find talent across fields like software engineering, law, chemistry, and finance.
The platform uses AI to assess candidates beyond traditional resume filters, focusing more on actual abilities rather than just mere calculations.
Brendan Foody, Mercor’s CEO and co-founder said:
"We believe that every applicant deserves the opportunity to be interviewed when applying for jobs," said Brendan Foody, the current hiring process selects candidates based on traditional resume signals, and not human ability. AI can do better."
To celebrate their recent success, Mercor is offering free resume and interview feedback to job seekers, typically a service out of reach for many and that's a lucrative time for you to get a great job.
The co-founders, Brendan Foody, Adarsh Hiremath, and Surya Midha, started Mercor after meeting in various high school debate competitions. In 2023, they dropped out of college after receiving the Thiel Fellowship to fully dedicate themselves to the company that's going to boost employment with AI.
Since then, Mercor has expanded its candidate pool to over 300,000 and created thousands of jobs globally.
