AI Hiring Platform Mercor Raises $30 Million with Backing from Tech Titans
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On Fri, 20 Sept, 12:04 AM UTC
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AI hiring platform Mercor backed by Jack Dorsey, Peter Thiel in $30 million fundraise
Mercor said on Thursday it raised $30 million in a funding round, that included entrepreneur Jack Dorsey and venture capitalist Peter Thiel, putting the AI hiring platform's valuation at $250 million. The Series A funding round was led by venture capital firm Benchmark's Victor Lazarte and Bill Gurley, and also saw participation from Quora CEO Adam D'Angelo and former Treasury Secretary Larry Summers, both of whom are OpenAI board members. The round made Mercor the latest addition to privately owned AI companies attracting major investments to scale their operations. Earlier this month, Safe Superintelligence, co-founded by OpenAI's former chief scientist Ilya Sutskever, raised $1 billion in cash. Mercor uses artificial intelligence to enable recruiters to hire candidates who are working at companies such as Apple, Alphabet, Meta, Microsoft and Nvidia. It said it has added more than 300,000 people to its candidate pool.
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AI Hiring Platform Mercor Backed by Dorsey, Peter Thiel in $30 Million Fundraise
(Reuters) - Mercor said on Thursday it raised $30 million in a funding round, that included entrepreneur Jack Dorsey and venture capitalist Peter Thiel, putting the AI hiring platform's valuation at $250 million. The Series A funding round was led by venture capital firm Benchmark's Victor Lazarte and Bill Gurley, and also saw participation from Quora CEO Adam D'Angelo and former Treasury Secretary Larry Summers, both of whom are OpenAI board members. The round made Mercor the latest addition to privately owned AI companies attracting major investments to scale their operations. Earlier this month, Safe Superintelligence, co-founded by OpenAI's former chief scientist Ilya Sutskever, raised $1 billion in cash. Mercor uses artificial intelligence to enable recruiters to hire candidates who are working at companies such as Apple, Alphabet, Meta, Microsoft and Nvidia. It said it has added more than 300,000 people to its candidate pool. (Reporting by Rishi Kant in Bengaluru; Editing by Vijay Kishore)
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AI hiring platform Mercor backed by Dorsey, Peter Thiel in $30 mln fundraise
Sept 19 (Reuters) - Mercor said on Thursday it raised $30 million in a funding round, that included entrepreneur Jack Dorsey and venture capitalist Peter Thiel, putting the AI hiring platform's valuation at $250 million. The Series A funding round was led by venture capital firm Benchmark's Victor Lazarte and Bill Gurley, and also saw participation from Quora CEO Adam D'Angelo and former Treasury Secretary Larry Summers, both of whom are OpenAI board members. Advertisement · Scroll to continue The round made Mercor the latest addition to privately owned AI companies attracting major investments to scale their operations. Earlier this month, Safe Superintelligence, co-founded by OpenAI's former chief scientist Ilya Sutskever, raised $1 billion in cash. Mercor uses artificial intelligence to enable recruiters to hire candidates who are working at companies such as Apple, Alphabet, Meta, Microsoft and Nvidia. It said it has added more than 300,000 people to its candidate pool. Reporting by Rishi Kant in Bengaluru; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles., opens new tab
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AI hiring platform Mercor backed by Dorsey, Peter Thiel in $30 million fundraise
(Reuters) - Mercor said on Thursday it raised $30 million in a funding round, that included entrepreneur Jack Dorsey and venture capitalist Peter Thiel, putting the AI hiring platform's valuation at $250 million. The Series A funding round was led by venture capital firm Benchmark's Victor Lazarte and Bill Gurley, and also saw participation from Quora CEO Adam D'Angelo and former Treasury Secretary Larry Summers, both of whom are OpenAI board members.
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Mercor, an AI-powered hiring platform, secures $30 million in funding from prominent investors including Jack Dorsey and Peter Thiel. The startup aims to revolutionize tech recruitment using artificial intelligence.
AI Hiring Platform Mercor Secures Major Funding
Mercor, an innovative AI-powered hiring platform, has successfully raised $30 million in a recent funding round, attracting investments from high-profile tech industry figures 1. The funding round saw participation from notable investors including Twitter co-founder Jack Dorsey and PayPal co-founder Peter Thiel, signaling strong confidence in Mercor's potential to disrupt the tech recruitment landscape 2.
Revolutionizing Tech Recruitment with AI
Mercor's platform leverages artificial intelligence to streamline the hiring process for technology professionals. The company's innovative approach involves using AI to match job seekers with potential employers based on their coding skills and project experience 3. This method aims to provide a more efficient and accurate hiring process, potentially transforming how tech companies identify and recruit talent.
Impressive Growth and Future Plans
Since its inception in 2022, Mercor has demonstrated remarkable growth, facilitating over 3,000 hires across more than 100 companies 4. The platform's success is attributed to its ability to connect highly skilled developers with companies seeking top-tier talent. With the new funding, Mercor plans to expand its operations and further develop its AI capabilities to enhance its service offerings.
Investor Confidence and Market Potential
The participation of industry veterans like Dorsey and Thiel underscores the potential impact of AI in revolutionizing traditional hiring practices. Their backing not only provides Mercor with substantial financial resources but also lends credibility to the platform's approach in addressing the challenges of tech recruitment 1.
Addressing the Tech Talent Shortage
Mercor's platform comes at a crucial time when the tech industry is grappling with a significant talent shortage. By leveraging AI to identify and match skilled professionals with appropriate job opportunities, Mercor aims to bridge the gap between talent supply and demand in the tech sector 2.
The Future of AI in Recruitment
The success of Mercor's funding round highlights the growing interest in AI-driven solutions within the recruitment industry. As artificial intelligence continues to evolve, its application in hiring processes is expected to become more sophisticated, potentially leading to more efficient and equitable hiring practices across various sectors 3.
Reference
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U.S. News & World Report
|AI Hiring Platform Mercor Backed by Dorsey, Peter Thiel in $30 Million Fundraise
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