Founder and CEO Brendon Foody recently confirmed via X that the company’s annualized revenue run rate has hit $2 billion, doubling its performance in just four months. The firm has already signaled to investors that it holds a term sheet at the requested valuation, a significant leap from the $350 million Series C round closed last autumn.
In section Startups & Technology
Mercor Eyes $20 Billion Valuation Amid Revenue Surge
A $20 billion valuation is currently on the table for AI startup Mercor, according to early-stage funding talks. This potential milestone arrives just months after the company secured a $10 billion valuation in October, signaling a rapid financial climb despite recent operational and legal hurdles that clouded its early 2026 performance.
Simultaneous to the financing news, Mercor confirmed the acquisition of Deeptune, a specialist in AI agent training. The entire Deeptune team will transition into the startup, bolstering its internal capabilities. These developments indicate a shift in momentum for Mercor, which faced a difficult start to 2026 marked by a high-profile data breach and subsequent litigation from contract workers.
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