Mercor is in talks for a $20B valuation

AI training startup Mercor is in early talks to raise a round at a $20 billion valuation, up from $10 billion in October. The company acquired Deeptune, an Andreessen Horowitz-backed startup that builds simulation environments for AI agents. Founder Brendan Foody was an angel investor in Deeptune's $43 million Series A. Mercor's annualized revenue run rate crossed $2 billion.