Founder and CEO Brendon Foody recently confirmed via X that the company’s annualized revenue run rate has hit $2 billion, doubling its performance in just four months. The firm has already signaled to investors that it holds a term sheet at the requested valuation, a significant leap from the $350 million Series C round closed last autumn.
Simultaneous to the financing news, Mercor confirmed the acquisition of Deeptune, a specialist in AI agent training. The entire Deeptune team will transition into the startup, bolstering its internal capabilities. These developments indicate a shift in momentum for Mercor, which faced a difficult start to 2026 marked by a high-profile data breach and subsequent litigation from contract workers.
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