What happened
Mercor raised $750 million in a Series D at a $20 billion valuation after reaching $3 billion in annualized revenue, according to the AINews roundup. The article also reports that the company has 5 million experts and quotes a statement that it spends three times as much on inference as on employee salaries.
Why it matters
Mercor’s reported revenue growth alongside its fundraising gives readers context on the scale of demand for expert data used to evaluate models.