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Mercor raised $100M in a Series B funding round led by Felicis, achieving a valuation of $2B to enhance its AI recruiting services.

Feb 22, 2025•5 months ago

Amount Raised

$100 Million

Round Type

series b

San FranciscoHuman ResourcesMachine LearningEnterprise SoftwareSaasArtificial IntelligenceSoftware

Investors

Menlo VenturesDst GlobalGeneral CatalystBenchmarkFelicis

Description

Mercor, an AI recruiting startup founded by three 21-year-olds, has successfully raised $100 million in a Series B round. Led by Felicis, the funding values the company at $2 billion, significantly increasing from its previous valuation.

Company Information

Company

Mercor

Location

San Francisco, California, United States

About

Mercor is an HR Tech startup based in San Francisco that provides an AI-powered platform aimed at improving the recruitment process. The platform utilizes advanced algorithms to review large volumes of candidate profiles and conduct personalized interviews. By doing so, it aims to reduce bias and inefficiencies that are commonly found in traditional recruiting methods. Candidates can easily upload their resumes and participate in a streamlined interview process.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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