Mercor, an AI recruiting startup founded by three 21-year-old Thiel Fellows, recently secured $100 million in a Series B funding round led by Felicis, boosting its valuation to $2 billion. The platform, which uses AI to automate various aspects of hiring, aims to streamline the recruitment process by removing biases traditionally seen in human recruiters. With the support of notable investors including Peter Thiel and Jack Dorsey, Mercor's services focus on matching candidates with suitable job roles by evaluating their skills through AI interviews, thus enhancing the hiring efficiency for employers.
"We collect performance data on candidates and use it to refine our predictions on who will perform best in the future," Foody said.
"The latest funding will help accelerate its ability to match billions of people with their calling, applying human talent to its highest potential."
Mercor claims its automated system not only streamlines hiring but also removes bias from the process.
Mercor uses AI to automate resume screening, candidate matching, AI-powered interviews, and payroll management.
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