Mercor Secures $30 Million Series A

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u>Mercor<&sol;u> has secured a <span class&equals;"xn-money">&dollar;30 million<&sol;span> Series A round at a <span class&equals;"xn-money">&dollar;250 million<&sol;span> valuation&period; The round was led by <span class&equals;"xn-person">Victor Lazarte<&sol;span> and <span class&equals;"xn-person">Bill Gurley<&sol;span> at Benchmark&comma; with participation from General Catalyst&comma; <span class&equals;"xn-person">Peter Thiel<&sol;span>&comma; <span class&equals;"xn-person">Jack Dorsey<&sol;span>&comma; <span class&equals;"xn-person">Adam D&&num;8217&semi;Angelo<&sol;span>&comma; <span class&equals;"xn-person">Larry Summers<&sol;span>&comma; <span class&equals;"xn-person">Chris Re<&sol;span>&comma; and others&period; <span class&equals;"xn-person">Victor Lazarte<&sol;span> at Benchmark will be joining the board to continue supporting Mercor&&num;8217&semi;s growth and development&period;<&sol;p>&NewLine;<p>&lbrack;<strong>Photo above<&sol;strong>&colon; Co-founders Adarsh Hiremath&comma; Brendan Foody&comma; and Surya Midha &lpar;left to right&rpar;&period; &rsqb;<&sol;p>&NewLine;<p>Mercor is an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering&comma; law&comma; chemistry&comma; finance&comma; and many other professions&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We believe that every applicant deserves the opportunity to be interviewed when applying for jobs&comma;&&num;8221&semi; said <span class&equals;"xn-person">Brendan Foody<&sol;span>&comma; Mercor&&num;8217&semi;s co-founder and CEO&period; &&num;8220&semi;The current hiring process selects candidates based on traditional resume signals&comma; and not human ability&period; AI can do better&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Co-founders <span class&equals;"xn-person">Brendan Foody<&sol;span>&comma; <span class&equals;"xn-person">Adarsh Hiremath<&sol;span>&comma; and Surya Midha met in high school in the Bay Area doing competitive debate&comma; and began ideating on company-building as college freshmen at <span class&equals;"xn-location">Georgetown<&sol;span> and <span class&equals;"xn-org">Harvard<&sol;span>&period; In 2023&comma; they dropped out and began building Mercor&period; Earlier this year&comma; all three founders received the Thiel Fellowship&period;<&sol;p>&NewLine;<p>Since their launch&comma; they&&num;8217&semi;ve added upwards of 300&comma;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;<&sol;p>&NewLine;