Mercor Secures $30 Million Series A

Co-founders Adarsh Hiremath, Brendan Foody, and Surya Midha (left to right). Photo courtesy of ULY, INC.

SAN FRANCISCO &&num;8212&semi; Mercor has secured a &dollar;30 million Series A round at a &dollar;250 million valuation&period; The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D&&num;8217&semi;Angelo, Larry Summers, Chris Re, and others&period; Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor&&num;8217&semi;s growth and development&period;&NewLine;[Photo above&colon; Co-founders Adarsh Hiremath, Brendan Foody, and Surya Midha (left to right)&period; ]&NewLine;Mercor is an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering, law, chemistry, finance, and many other professions&period;&NewLine;&&num;8220&semi;We believe that every applicant deserves the opportunity to be interviewed when applying for jobs,&&num;8221&semi; said Brendan Foody, Mercor&&num;8217&semi;s co-founder and CEO&period; &&num;8220&semi;The current hiring process selects candidates based on traditional resume signals, and not human ability&period; AI can do better&period;&&num;8221&semi;&NewLine;Co-founders Brendan Foody, Adarsh Hiremath, and Surya Midha met in high school in the Bay Area doing competitive debate, and began ideating on company-building as college freshmen at Georgetown and Harvard&period; In 2023, they dropped out and began building Mercor&period; Earlier this year, all three founders received the Thiel Fellowship&period;&NewLine;Since their launch, they&&num;8217&semi;ve added upwards of 300,000 people to their candidate pool and created thousands of jobs globally&period; The team uses AI models to better assess a candidate&&num;8217&semi;s skill set and predict their ability to perform well in a given role&period;&NewLine;

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