Mercor is in talks for a $20 billion valuation

AI training startup Mercor is reportedly in talks to raise a $20 billion round He told Bloomberg. That would be a big jump from its last value in October, when it raised its price by $350M Series C at $10B valuation.

The outlet noted that talks for this latest round are still in the early stages, but reported that Mercur told investors it has already received a term sheet at the new valuation. Founder and CEO Brendan Foody also comes to this report I took to X To tell the company Annual revenue run rate It exceeded $2 billion, an increase of 100% from just four months ago.

As announced by Mercur On Thursday it was buying Deeptune, a company that helps train artificial intelligence agents. The entire Deeptune team will join Mercor as part of the acquisition. According to its press release. Revenue numbers, acquisitions and potential new financing suggest that Mercur may have put its bumpy early 2026 woes behind it. Earlier this year, the company struggled Data breach A number of contract workers filed lawsuits. Business Insider reported.