Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises (opens siliconangle.com)
Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.
Context: Bloomberg describes investors buying into the same round at escalating valuations ("tranched, two-step rounds"), with AI startup Emulate as an example.
From Bloomberg: Pressure to back promising AI startups is upending the VC investment process, with investors willing to buy into the same round at rapidly escalating valuations — Venture capitalists are fighting to invest in AI startup Emulate, driving its valuation into the billions …
Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.
The range of $70 to $78 per share implies up to $1.404T fully diluted; SiliconANGLE puts the fundraising goal at $64B.
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