Mercor, an AI-driven hiring platform, has raised $30 million in Series A funding at a $250 million valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with additional participation from prominent investors like General Catalyst, Peter Thiel, Jack Dorsey, and more.
- Series A Funding and Investors:
- The $30M Series A round includes top investors like Victor Lazarte, Bill Gurley, Peter Thiel, Jack Dorsey, and Adam D’Angelo.
- Victor Lazarte from Benchmark will join Mercor’s board to support its future growth.
- The valuation of Mercor now stands at $250 million, showcasing strong confidence in the platform’s potential.
- AI-Powered Hiring Platform:
- Mercor’s platform helps leading tech companies and AI labs hire experts in fields like software engineering, law, chemistry, and finance.
- The AI models assess a candidate’s true potential, moving beyond traditional resume signals to evaluate human abilities and predict job performance.
- Founders and Vision:
- Co-founders Brendan Foody, Adarsh Hiremath, and Surya Midha began brainstorming Mercor during their time at Georgetown and Harvard, eventually dropping out in 2023 to focus on the company.
- All three received the prestigious Thiel Fellowship, further validating their innovative approach to solving recruitment challenges.
- Growth and Global Impact:
- Since its inception, Mercor has built a pool of over 300,000 candidates and facilitated thousands of jobs worldwide.
- Brendan Foody, Mercor’s CEO, emphasized their goal: “We believe every applicant deserves the opportunity to be interviewed when applying for jobs.”
- Free Resume and Interview Feedback:
- In celebration of their funding milestone, Mercor is offering free resume and interview feedback to all applicants – traditionally a service that has been expensive or inaccessible.
With its recent $30M Series A funding and growing candidate pool, Mercor is set to transform the hiring process with AI technology. The company continues to innovate by offering valuable resources to job seekers and connecting top talent with leading companies.
