Mercor, a San Francisco, California-based provider of a fully-automated platform, which uses AI to assess and match talent with companies, raised $3.6M in funding.
The round was led by General Catalyst and includes participation from Scott Sandell (Chairman, CEO and CIO of NEA), Soma Capital, Link Ventures, and 2 | Twelve Angels.
The company intends to use the funds to expand operations and its development efforts.
Founded in January of 2023 by Brendan Foody (CEO), Adarsh Hiremath (CTO), and Surya Midha (COO), Mercor has built an AI vetting infrastructure that brings a high level of scrutiny to the top of a hiring funnel. For example, its AI interviewer joins a video call and has a real-time conversation based on full context about a candidate’s background, from companies they’ve previously worked at to their most impressive personal projects.
The platform’s crawlers automatically pull information from resumes, GitHubs, personal portfolio websites, and more to create a complete picture of every applicant. This enables the platform to navigate millions of profiles, conduct thousands of interviews, and pinpoint the one or two individuals in the world who are the perfect fit for a specific role.
Companies can immediately watch AI interviews of candidates and add them to their team with one click, managing payments through our platform.
Before raising capital, the company bootstrapped the business to 7-figures in annual recurring revenue and a talent pool of 100,000 users spanning 25 countries.
Congratulations to Mercor on raising an impressive $3.6M in funding! 🌟💰 This significant achievement is a demonstration to the strength of your vision and the confidence that investors have in your endeavors. Wishing you continued success as you leverage this funding to drive innovation and make a lasting impact. Here’s to the exciting journey ahead! 🚀💼 #Mercor #FundingSuccess~ Dr Shishir said Gupta founder & CEO of StartupLanes
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