AI Training Startup Mercor Aims to Double Valuation to $20 Bn on Surging AI Revenue
Published on: July 11, 2026, 6:35 p.m. | Source: Outlook Business
Artificial Intelligence (AI) training startup Mercor is in early discussions to raise fresh capital at a valuation of around $20 billion, potentially doubling its valuation from less than a year ago. Mercor has informed prospective investors that it has already received at least one term sheet reflecting the proposed valuation, Bloomberg reported citing people familiar with the matter. However, the discussions remain preliminary and there is no certainty that the fundraising will be completed or that the final terms will remain unchanged.
