AI training startup Mercor valued at $20 billion in latest funding round

Mercor said on Tuesday it had raised $750 million in a funding round that valued the AI training startup at $20 billion.

The Series D round drew participation from Benchmark, Felicis, Fundomo, Nvidia and funds managed by affiliates of Apollo, among others.

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Investor enthusiasm for AI has fueled a sharp rise in private funding this year, creating a growing group of heavily capitalized startups carrying multibillion-dollar valuations