Mercor Raises $750M Series D at $20B Valuation to Expand AI Training

Mercor announced a $750 million Series D on November 10, 2026, valuing the AI training company at $20 billion. The financing included an employee tender and participation from NVIDIA, Salesforce, Zoom and other investors. Benchmark, Felicis, Fundomo, funds managed by affiliates of Apollo, G Squared, General Catalyst, Glade Brook Capital, Sapphire Ventures, StepStone Group and XTX Ventures also participated. The funding will accelerate infrastructure and research for model evaluations and…

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