Mercor sells training data used to build and train large AI models and supplies major AI developers including OpenAI, Google, and Anthropic. The company reported crossing $2 billion in annual revenue in June 2026 and recorded $614 million in revenue in the first half of 2026. Mercor was valued at $10 billion after a Series C in October 2025 and is reportedly being discussed for an investment that would value it at $20 billion. Nvidia is both a customer and a reported potential investor and has paid Mercor to help develop its Nemotron open-source models. The company's rapid revenue growth and customer roster have attracted interest from large investors, including General Catalyst potentially leading the reported round. No specific use-of-proceeds for the reported investment was disclosed in the article.

Total raised

$484M

Funding rounds

4

Latest round

Series C

Latest activity

Oct 2025