Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate

Mercor, an AI training startup, is reportedly seeking a valuation exceeding $10 billion. The company, which is just two years old, has been in discussions with investors for a potential Series C funding round. According to sources, Mercor has achieved a remarkable $450 million annual run rate, a testament to its rapid growth and success. The startup's platform enables businesses to efficiently train and deploy AI models, addressing a growing demand in the market. Mercor's impressive performance has caught the attention of the investment community, and the company is now exploring options to secure additional funding to fuel its continued expansion. The potential Series C round is expected to provide the necessary resources for Mercor to further strengthen its market position and accelerate the development of its innovative AI training solutions. While the specific details of the funding round and the valuation are still under negotiation, the sources indicate that Mercor is well-positioned to secure a valuation exceeding $10 billion, reflecting the company's strong growth and the significant potential of its AI-powered offerings.