Mercorrevenue, valuation & funding
Data Labeling SoftwareSan Francisco, CaliforniaFounded 2023CEO Brendan Foody
Mercor is a Data Labeling Software company based in San Francisco, founded in 2023.
Mercor revenue
Mercor's annual revenue was $2B in July 2026 (TechCrunch). That is up 300% from $500M a year earlier.
All 5 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Feb 2025 | $75M | TechCrunch |
| Mar 2025 | $100M | signalhub.substack.com |
| Sep 2025 | $500M | signalhub.substack.com |
| 2026 | $1BEST | Fortune estimatecrossed $1 billion in early 2026 per Fortune |
| Jul 2026 | $2B | TechCrunch |
Mercor valuation
Mercor is privately held, so there is no Mercor stock to buy. Investors valued it at $10B in its October 2025 Series C, led by Felicis Ventures.
Mercor funding rounds & investors
Mercor has raised $485.6M across four rounds since 2023. The latest was a $350M Series C in October 2025, led by Felicis Ventures.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Oct 2025 | Series C | $350M | $10B | Felicis Ventures | mercor.com |
| Feb 2025 | Series B | $100M | – | TechCrunch | |
| 2024 | Series A | $32M | – | TechCrunch | |
| 2023 | Seed | $3.6M | – | TechCrunch | |
| Total raised | $485.6M |
Mercor competitors
Mercor competes most directly with Surge AI, micro1, Scale AI, Invisible and 3 others. It is the largest of the eight by revenue.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
| Mercor | $2B | $485.6M | 200 | 2023 |
 Surge AI | $1.2B | $25M | 121 | 2018 |
 micro1 | $1B | $38.3M | 326 | 2021 |
 Scale AI | $870M | $1.6B | 5,779 | 2016 |
 Invisible | $409.9M | – | 2,841 | 2015 |
 Snorkel AI | $375M | $235.3M | 776 | 2019 |
 Turing | $300M | $249M | 4,314 | 2018 |
 prolific.com | $72.4M | – | 600 | 2014 |
#1 of 97 Data Labeling Software companies by revenue · category median $2.9M · See the ranking
Mercor CEO, founders & employees
Brendan Foody founded Mercor in 2023 with Surya Midha and Adarsh Hiremath and runs it as CEO. Mercor has 200 employees (2026, jobsbyculture.com estimate), up from 30 a year earlier.
- Brendan FoodyCo-founder & Chief Executive Officer
All 2 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| 2026 | 200EST | jobsbyculture.com estimatedoes not count the 30,000+ contractor network |
| Apr 2025 | 30 | leanaileaderboard.com |
Mercor FAQ
What is Mercor's revenue?
Mercor's annual revenue was $2B in July 2026, according to TechCrunch.
What is Mercor's valuation?
Investors valued Mercor at $10B in its October 2025 Series C, led by Felicis Ventures, according to mercor.com.
How much funding has Mercor raised?
Mercor has raised $485.6M across four funding rounds. The latest was a $350M Series C in October 2025, led by Felicis Ventures.
Who owns Mercor?
Mercor is privately held. Its lead investors include Felicis Ventures.
How many employees does Mercor have?
Jobsbyculture.com estimates Mercor's headcount at about 200 (2026).
Who is the CEO of Mercor?
Brendan Foody is the CEO of Mercor and co-founded the company in 2023.
Who founded Mercor?
Brendan Foody, Surya Midha and Adarsh Hiremath founded Mercor in 2023.
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How this page is sourced
9 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Mercor? Join the podcast