According to an official announcement on November 11, AI data and expert network company Mercor completed a $750 million Series D funding round, valuing the company at $20 billion, double its $10 billion valuation from October 2025. The round was led by investors including Benchmark, Felicis, Fundomo, Apollo's fund, G Squared, General Catalyst, GladeBrook Capital, Nvidia, Salesforce, Sapphire Ventures, StepStone VC, XTX Ventures, and Zoom. Founded in 2023 and based in San Francisco, Mercor provides high-quality human experts to leading AI laboratories for model post-training, evaluation, and reinforcement learning from human feedback.

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