Artificial intelligence (AI) training platform Mercor says it is now a $20 billion company.

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The company reached that valuation with its $750 million Series D funding round, announced Tuesday (Nov. 10). Mercor, originally an AI-powered hiring platform, says it plans to use the financing to help train and test AI agents.

“AI is only as useful as the human expertise behind it, and as models grow more capable, the demand for specialized, domain-specific knowledge compounds,” Brendan Foody, Mercor’s founder and CEO, wrote on the company blog.

Foody argued that “every job in the economy” will need its own reliable AI agent, and that the company has spent the last two years developing infrastructure to train and evaluate frontier models on real-world work using human intelligence.

“We’re now bringing those same capabilities to enterprises across the economy to evaluate what those agents can do, what they cost, and how to improve their performance,” he wrote.

The CEO said Mercor is seeing the impact of AI investment on its own business, as it spends three times as much on inference as on employee salaries.

“More people will work alongside AI agents that can perform increasingly complex tasks, creating new opportunities for companies to apply human expertise at scale,” he said.

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