Mercor, a San Francisco, CA-based AI recruiting company, has raised $100 million in Series B funding, valuing the company at $2 billion.
Investors
The round was led by Felicis, with participation from Benchmark, General Catalyst, DST Global, and Menlo Ventures.
Felicis is a venture capital firm that invests in early-stage companies reinventing core markets and frontier technologies. Founded in 2006, it manages over $3 billion across nine funds and has backed more than 47 billion-dollar companies. Based in Menlo Park and San Francisco, Felicis has seen over 100 portfolio exits through acquisitions or IPOs.
Mercor Use of Funds
The funding will help Mercor expand its platform's capabilities and global reach, particularly in emerging markets like Europe and South America.
About the Company
Founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha, Mercor provides an AI-powered hiring platform to streamline and automate the hiring process. It automates resume screening and candidate matching and offers AI-powered interviews and payroll management. The platform aims to reduce bias in the hiring process and improve job matching by recommending the best candidates for open roles. Initially focused on hiring software engineers and tech professionals in operations, content creation, product development, and design, Mercor has expanded its talent pool.
Funding Details
Company: Mercor.io Corporation
Raised: $100.0M
Round: Series B
Funding Date: February 2025
Lead Investor: Felicis
Additional Investors: Benchmark, General Catalyst, DST Global, Menlo Ventures
Company Website: https://mercor.com/
Software Category: AI Recruiting
Source: https://techcrunch.com/2025/02/20/mercor-an-ai-recruiting-startup-founded-by-21-year-olds-raises-100m-at-2b-valuation/