Artificial intelligence startup Mercor announced on Monday a new Series C round that values the company at $10 billion, a fivefold increase since its last raise in February.

The company said in a blog post that it raised $350 million in a round led by Felicis, which also led its $100 million Series B round, with participation from Benchmark, General Catalyst, and new investor Robinhood Ventures.

The new investment will feed into three focus areas: Expanding the company's talent network, advancing its matching systems between experts and training opportunities, and providing faster delivery.

Founded in by three Thiel Fellows, the company initially started as a hiring company that assessed candidates by analyzing interview transcripts, resumes and personal portfolio websites t

See Full Page