Mercor Said to Weigh New Funding Round at $20 Billion Valuation

Mercor, a startup that supplies human domain experts to AI labs for model training, is reportedly discussing a new funding round at a valuation of about $20 billion. The company has received at least one term sheet, roughly double its prior $10 billion valuation set in October 2025. The talks are said to be at an early stage, and whether the round closes or its terms change remains uncertain, according to Bloomberg.