Mercor
PrivateLast Round
Series D
Aug 19, 2026
Est. Valuation
$20B
Total Funding Raised
$483.6M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Mercor operates in AI, Data & Cloud Infrastructure and is based in San Francisco, California. Its latest recorded funding round was a Series C round in October 2025.
Mercor is an artificial intelligence company that operates a labor marketplace connecting domain experts with AI labs and enterprises for model training, evaluation, and recruitment tasks.
Sector
AI, Data & Cloud Infrastructure
Verticals
AI Training Infrastructure, HR, ML Platforms
Business Model
B2B
Customer Profile
Marketplace Commission, Services & Consulting
AI Layer
Infrastructure
Price History
Caplight MarketPrice™ estimate for Mercor, published with a 90-day delay.
Caplight MarketPrice™
$685.74
per share, as of July 2026
-20.2%
9-month change
The most recent months of MarketPrice™ are available to Caplight clients.
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Mercor Comparables
Compare Mercor with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Scale AI | 86% | |
| Surge AI | 84% | |
| AfterQuery | 81% |
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Mercor Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | Aug 19, 2026 | ||||
| Series C | Oct 27, 2025 | ||||
| Series B | Feb 20, 2025 | ||||
| Series A | Sep 19, 2024 | ||||
| Seed | Jan 15, 2024 |
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Key People
Founding team and executive leadership
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Mercor Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Link Ventures | Seed |
| Benchmark Capital | Series B, Series C, Series A |
| DST Global | Series B |
| 2.12 Angels | Seed |
| General Catalyst | Series A, Series B, Series C, Seed, Series D |
| Soma Capital | Seed |
| Menlo Ventures | Series B |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 11, 2026
Sold software-engineering RL environments to Alibaba.
- Nov 10, 2026
Opened new offices in New York and London during 2026.
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Recent news
Latest coverage and updates
- sells_assets_toNov 11, 2026
ChinaTalk says data shows Mercor sold software-engineering reinforcement-learning environments to Alibaba Group in China.
- has_valuationNov 11, 2026
A US$350 million financing in Oct '25 values Mercor at about $10B.
- receives_financingNov 11, 2026
Mercor announces a $750M Series D valuing it at $20 billion on Nov 10th '26, with an employee tender and participation from Benchmark, Felicis, Fundomo, Apollo affiliates, G Squared, General Catalyst, Glade Brook Capital, NVIDIA, Salesforce, Sapphire Ventures, StepStone Group, XTX Ventures, and Zoom.
- expands_offices_toNov 10, 2026
Mercor expands beyond San Francisco by opening offices in London, United Kingdom, and New York in 2026 to move closer to enterprise and laboratory customers and recruit employees.
- expands_offices_toNov 10, 2026
In 2026, Mercor opens offices in New York and London, expanding beyond San Francisco to be closer to enterprise and laboratory customers and recruit employees.
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Mercor Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Appears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Mercor's valuation, stock price, and market status.
Is Mercor a public or private company?
Mercor is a private company.
What is the current stock price of Mercor?
Mercor is a private company, so its shares have no public market price. Caplight tracks Mercor's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Mercor worth (valuation)?
Mercor's valuation is estimated at $20.0B based on funding round data.
Can I buy Mercor stock?
Mercor shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Mercor's last funding round?
Mercor's most recent funding round was Series D on August 19, 2026.
Who are the main investors in Mercor?
Key investors in Mercor include Benchmark Capital, General Catalyst, Felicis Ventures.
Will Mercor IPO soon?
No public IPO plans have been announced for Mercor.
How can I track Mercor secondary market activity?
Caplight tracks bids, offers, and trades in Mercor's shares on secondary markets.