Updated 8 Nov 2026
Mercor valuation: $10B (Oct 2025).
Mercor's newest valuation on record is $10B (Series C), up 40 times in 13 months from $250M (Sep 2024, Series A). It is #3 of the 16 AI data companies with a valuation on record, valued at 20 times the revenue on record before it ($500M, run rate, Sep 2025).
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Mercor's valuation over time
Every completed valuation on record, newest first, each bar linked to the record and the article it comes from.
Where it stands
The AI data companies nearest Mercor by newest valuation on record.
| # | Company | Valuation | When |
|---|---|---|---|
| 1 | Scale AI | $29B | Jun 2025 |
| 2 | Applied Intuition | $15B | Jun 2025 |
| 3 | Mercor | $10B | Oct 2025 |
| 4 | micro1 | $4B | Oct 2026 |
| 5 | Handshake AI | $3.5B | Jan 2022 |
Mercor's revenue over time. Mercor and all its competitors, ranked. Head to head: Mercor vs Scale AI, Mercor vs micro1, Mercor vs Handshake AI, Surge AI vs Mercor, Turing vs Mercor, Snorkel AI vs Mercor, Labelbox vs Mercor, AfterQuery vs Mercor, Prolific vs Mercor.
Mercor's funding rounds
Every disclosed round, investment and valuation on record, newest first.
- 27 Oct 2025Series C, $350M, at a valuation of $10B
- 20 Feb 2025Series B, $100M, at a valuation of $2B
- 23 Sep 2024Series A, $30M, at a valuation of $250M
The questions people ask
- What is Mercor's valuation?
- $10B, its newest valuation on record (Oct 2025, Series C). Mercor is #3 of the 16 AI data companies with a valuation on record.
- How has Mercor's valuation changed over time?
- Up 40 times in 13 months: $250M (Sep 2024, Series A), then $2B (Feb 2025, Series B), then $10B (Oct 2025, Series C).
- What is Mercor valued at compared with its revenue?
- 20 times its revenue: $10B (Oct 2025) against $500M (run rate, Sep 2025), the newest revenue on record before it. Our arithmetic on the two records.
- How much money has Mercor raised?
- $480M in disclosed rounds and investments on record.
- Which AI data companies are valued highest?
- By newest valuation on record: #1 Scale AI at $29B (Jun 2025), #2 Applied Intuition at $15B (Jun 2025), #3 Mercor at $10B (Oct 2025).
- Where the figures come from.
- Each valuation is a record: what Mercor or its investors announced, or what a named outlet reported, with the page it was read on. A valuation a company was only in talks to raise at is not its valuation here, and an estimate site's figure is never a record.
- Valuation and revenue.
- A valuation is what investors paid per share times all the shares, often with terms that favour the newest investors; set against revenue it shows what the market pays for each dollar of it, not what the company would sell for.
These companies buy and build the data AI is trained on. See what yours is worth to them.
The companies that build AI training data, ranked by revenue: the 2026 rankings