Mercor
AI-powered recruitment platform that matches highly skilled professionals with companies globally, streamlining the hiring process through advanced automation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
* | $100m Valuation: $2.0b | Series B | |
| Total Funding | 000k | ||
| USD | 2024 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Mercor is an AI-driven recruitment platform founded in 2023 by three young entrepreneurs. The company aims to revolutionise the hiring process by automating various stages of recruitment using artificial intelligence.
The platform's core function is to match job seekers with suitable employment opportunities. Candidates upload their CVs and participate in a 20-minute AI-led video interview, which consists of experience-based questions and a relevant case study. Mercor's proprietary large language model, built on existing AI frameworks and fine-tuned with the company's data, analyses this information to create comprehensive candidate profiles.
For employers, Mercor streamlines the hiring process by automating resume screening, candidate matching, and initial interviews. The system recommends candidates based on their qualifications and predicted job performance, potentially reducing hiring time and improving match quality. For specialised roles, Mercor conducts tailored AI interviews to ensure precise candidate selection.
Initially focused on software engineering roles, Mercor has expanded its scope to include professionals in operations, content creation, product development, and design. The company has also seen increased demand for experts in fields such as consulting, research, banking, medicine, and law, particularly from AI research laboratories.
Mercor generates revenue through a finder's fee model, charging clients based on successful hires. The company claims to have processed 300,000 candidates and conducted over 100,000 interviews since its inception. India represents the largest talent source for the platform, followed by the United States, with growing adoption in Europe and South America.
While Mercor asserts that its AI-driven approach reduces bias in hiring, the use of AI in recruitment remains a subject of debate regarding potential algorithmic biases. Nevertheless, the company has attracted significant investment and reports rapid growth, with several major AI labs among its clients.
Keywords: AI recruitment, automated hiring, talent matching, large language models, video interviews, tech talent, AI research, startup, human resources technology, job marketplace