Mercor is in talks to raise a new round at a $20 billion valuation, double what it was worth 9 months ago, while announcing the acquisition of AI training environment startup Deeptune.
Three founders who were 22-year-old high school debate teammates when they started the company in 2023 are now reportedly the world’s youngest self-made billionaires.
The $2 billion annualised revenue run rate announced this week by CEO Brendan Foody reflects gross billings: contractors who do the work take home 60-70% of that figure, per Bloomberg.
In March 2026, a supply chain attack on LiteLLM, an open-source Python library, exposed up to four terabytes of Mercor’s internal data and contractor records. Meta, one of its biggest clients, paused all work with the startup indefinitely. Class action lawsuits followed. Forbes reported that former employees suspected North Korean operatives had infiltrated the contractor network using stolen credentials. For most startups, any one of those events would be existential.
Mercor is now reportedly in talks to raise at a $20 billion valuation.
