Mercor is in talks to raise a round that would value the AI training startup at $20 billion, according to Bloomberg. The discussions are at an early stage, though Mercor has reportedly provided a term sheet at that valuation.

The company previously raised $350 million in a Series C in October at a $10 billion valuation. Founder‑CEO Brendan Foody posted on X that annualized revenue had reached $2 billion, a 100 % increase over four months.

Mercor announced it is acquiring Deeptune, a firm that trains AI agents, with the Deeptune team joining Mercor as part of the deal. Earlier in 2026 the company suffered a data breach and faced lawsuits from contract workers, Business Insider reported.

The potential funding round and acquisition indicate Mercor may be moving past earlier setbacks.