Mercor, an AI recruiting startup founded by 21-year-olds, raises $100M at $2B valuation

Mercor, the AI recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round, the company confirmed to TechCrunch. Menlo Park-based Felicis led the round, valuing Mercor at $2 billion—eight times its previous valuation, the Wall Street Journal previously reported. Existing investors Benchmark, General Catalyst, and DST Global also participated. General Catalyst had led the company’s $3.6 million seed round in 2023, while Benchmark backed its $32 million Series A in 2024 at a $250 million valuation. The round makes CEO Brendan Foody, CTO Adarsh Hiremath, and COO Surya Midha, some of the youngest founders of a billion-dollar startup. The two-year-old platform, which counts Peter Thiel, Jack Dorsey, and Adam D’Angelo as backers, says the latest funding will help “accelerate its ability to match billions of people with their calling, applying human talent to its highest potential.” Founded in 2023, Mercor uses AI to streamline hiring. Its pl ... Read full article.