Mercor raises $750M Series D at $20B valuation on $3B annualized revenue

Mercor raised a $750M Series D at a $20B valuation after reaching $3B in annualized revenue, up from $1B in February and $2B in June. The company reports 5 million experts and frames its market as the 800-plus US occupations whose workflows models have yet to be evaluated against. Mercor also says it already spends 3x as much on inference as on employee salaries, and argues that if the ratio holds across the economy it points to double-digit GDP growth over the next five years.