AI training startup Mercor is reportedly discussing a new funding round that could value the company at $20 billion, according to market sources. If completed, the move would mark a sharp rise from its $10 billion valuation in October, when it secured a $350 million Series C round.
The talks are still in an early phase, but the company is said to have already received a term sheet at the higher figure. At the same time, founder and CEO Brendon Foody said Mercor's annualized revenue run rate has climbed past $2 billion, doubling in just four months.
Mercor also announced the acquisition of Deeptune, a company focused on training AI agents. As part of the deal, Deeptune's full team will join Mercor, strengthening its position in the fast-moving AI infrastructure space.
The latest funding discussions, revenue growth, and acquisition point to a company expanding quickly as demand for AI training tools accelerates. If this momentum continues, Mercor could become one of the defining players shaping the next phase of intelligent systems.
