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

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TechCrunch 1d ago

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

Quick Summary:

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.

Foody, however, argues that rather than displacing workers, Mercor is automating large parts of the economy, making workers even more valuable in the areas where they are still needed.