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Mercor’s 22-Year-Old Founders Become Youngest Self-Made Billionaires After $350 Million Round

A Felicis-led raise set the AI startup’s valuation at $10 billion, marking a new age record noted by Forbes.

Overview

  • Forbes identified Brendan Foody, Adarsh Hiremath and Surya Midha as the youngest self-made billionaires following Mercor’s new $10 billion valuation.
  • Mercor raised $350 million in fresh financing led by Felicis Ventures, according to multiple reports.
  • The founders’ roles are Foody as CEO, Hiremath as CTO and Midha as board chairman.
  • All three are Thiel Fellows who left Harvard or Georgetown to build the company full-time.
  • Mercor shifted from software recruiting to AI data-labeling and training services that supply human expertise to develop and refine models, as reported in the coverage.