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
Reported ARR$100M
Growth Rate+368%
IndustryAI HR & Recruiting
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Jul 7, 2026
Mercor ARR hit $2B, doubling in just 4 months$2B
Jun 4, 2026
Mercor hit $1.5B revenue run-rate with 35-40% gross margins$1.5B
Apr 17, 2026
Mercor hit $1B ARR (annualized revenue run rate)$1B
Sep 16, 2025
Mercor hit $500M Revenue Run Rate$500M
Sep 10, 2025
Mercor ARR Hits $450M$450M
Mar 21, 2025
Mercor AI ARR hit $100M, from $1M to $100M in just 11 months$100M
Feb 20, 2025
Mercor AI ARR hit $75M in 2 years$75M
Mar 15, 2024
Mercor AI ARR hit $1M$1M
AI INSIGHTS
Projected ARR in 1 Year
$7.5B
Est. Time to $3B
~66 days
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