Mercor Raises $350M Series C at $10B Valuation Led by Felicis

Why It Matters

The sizable valuation and backing highlight investor confidence in AI infrastructure as a critical growth area, positioning Mercor to become a dominant intermediary in the AI model‑training ecosystem and potentially shaping the pace of AI innovation.

Deal Summary

Mercor, a San Francisco startup connecting AI labs with experts, raised $350M in a Series C round valuing the company at $10 billion. The round was led by Felicis with participation from Benchmark, General Catalyst and Robinhood Ventures; proceeds will fund expansion.