Mercor is an AI-powered platform that uses artificial intelligence to streamline the hiring process, helping companies identify and hire top candidates. Founded in 2023 by Brendan Foody, Adarsh Hiremath, and Surya Midha, the company's platform automates resume screening and candidate matching and provides AI-powered interviews.
Mercor's platform is designed to assess candidates and predict their job performance using large language models and data from its job-seeking process. Mercor experienced rapid growth and, in February 2025, secured $100 million in Series B funding, which brought the company's valuation to $2 billion.
The company's revenue has also increased, with an annual revenue run rate of $100 million, from $1 million to $100 million in 11 months. Mercor's clients include leading AI labs like OpenAI, and its platform has expanded to include professionals in fields like law, medicine, and chemistry.
Mercor AI ARR hit $100M, from $1M to $100M in just 11 months
⚡ Grew from $75M to $100M ARR in just 1 month (beating 84% of SaaS peers)
Reported ARR$100M
Growth Rate+368%
IndustryAI HR & Recruiting
Jul 7, 2026
Mercor ARR hit $2B, doubling in just 4 months$2B
⚡ Grew from $1.5B to $2B ARR in just 1.1 months (beating 83% of SaaS peers)
Jun 4, 2026
Mercor hit $1.5B revenue run-rate with 35-40% gross margins$1.5B
⚡ Grew from $1B to $1.5B ARR in just 1.6 months (beating 82% of SaaS peers)
Apr 17, 2026
Mercor hit $1B ARR (annualized revenue run rate)$1B
⚡ Grew from $500M to $1B ARR in just 7 months
Don't miss the next signal
Join founders and investors tracking the fastest-growing AI companies. We deliver verified ARR milestones straight to your inbox every Monday.