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On Fri, 20 Sept, 12:04 AM UTC
4 Sources
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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.
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.
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.
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.
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.
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 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
Mercor, an AI-powered recruiting platform founded by young entrepreneurs, secures $100 million in Series B funding, reaching a $2 billion valuation. The company's rapid growth and innovative approach to AI-driven hiring have attracted major investors and high-profile clients.
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4 Sources
Elon Musk's AI company xAI raises $6 billion in Series C funding, with plans to expand its Colossus supercomputer and develop advanced AI models to compete with industry leaders.
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14 Sources
OpenAI is exploring a radical corporate restructuring that could potentially value the company at $150 billion. This move aims to address employee compensation issues and align with the company's mission, but faces significant legal and practical challenges.
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10 Sources
Elon Musk's AI startup xAI has raised $6 billion in equity financing, bringing its total capital to $12 billion. The company plans to expand its supercomputer facility and compete with industry leaders like OpenAI.
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9 Sources
OpenAI, the company behind ChatGPT, is reportedly in talks for a share sale that could value it at $80-$90 billion. Investors are betting on the potential of AI to revolutionize various industries, despite concerns about profitability and competition.
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