Mercor Stock Price, Valuation & IPO
Private company — Mercor is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$946.27 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 27 October 2026
Last round valuation: $20B
Source: D-1, August 2026, post-money
Total raised: $481M
Data last updated: 27 October 2026
About Mercor
American AI-talent marketplace connecting AI labs with domain experts for data labeling and model training; founded by three 22-year-old Thiel Fellows. In October 2025 the company raised $350M at a $10B valuation led by Felicis with Benchmark and General Catalyst participating. Annual recurring revenue reached about $1B in early 2026.
Mercor is the marketplace through which leading AI labs hire domain experts — doctors, lawyers, bankers, engineers — to train and evaluate models. Founded in January 2023 in San Francisco, with a staff of roughly 200. In eighteen months the company went from recruiting to $2B in annualized turnover: it stood at roughly $1B in March 2026 and passed $2B by July 6. In July 2026 it closed the acquisition of Deeptune, which had recreated hundreds of enterprise applications as training environments. Current valuation is $10B from a Series C (October 2025); $481M raised across three rounds.
- Sector: Artificial Intelligence
- Headquarters: San Francisco, USA
- Founded: 2023
Key highlights
- Revenue doubled in four months, while the entry price was fixed nine months ago. In March 2026 annualized turnover was roughly $1B; by July 6, 2026 it had passed $2B.
- The main competitor was knocked out of the game by its own investor. In June 2025 Meta invested $14.3B for 49% of Scale AI, after which rival labs began leaving a supplier half-owned by one of them, and Scale AI's CEO left the company.
- The industry has moved from pre-training to post-training, and that changes what is being bought. Models have already absorbed the internet's publicly available text, so today's quality gains come from reinforcement learning and evaluation on real tasks — that is, from the work of a live professional.
- The Deeptune acquisition moves the company into a more expensive segment. The deal closed in July 2026; Deeptune had raised $43M led by Andreessen Horowitz and recreated hundreds of enterprise applications as training environments.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 6 August 2026 | D-1 | $1,272.25 | $20B |
| 15 July 2026 | Series C-1 | $914.64 | $14B |
| 27 October 2025 | C | $713.77 | $10B |
| 20 February 2025 | B | $156.41 | $2B |
| 19 September 2024 | A-1 | $20.62 | $250M |
| 14 January 2024 | A-5 | $18.78 | $194M |
Frequently asked questions
How can I buy Mercor stock before the IPO?
Not on a public exchange — Mercor is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Mercor stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $946.27 per share as of 27 October 2026. Its most recent round implied a post-money valuation of $20B (August 2026).
What is Mercor's valuation (net worth)?
Mercor's most recent funding round valued the company at $20B post-money (August 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Mercor IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Mercor publicly traded?
No. Mercor is a private company and its shares are not listed on any public exchange.
Does Mercor have a stock symbol?
No. Mercor has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.