IBL News | New York
Mercor, which uses AI to vet and interview job candidates and then match them to open roles, has conducted more than 100,000 interviews and evaluated 300,000 people in less than two years.
With a workforce of 15 employees, this AI interviewer start-up is now valued at $250 million, following a $32 million round. The business is profitable and has grown 50% month over month.
Billionaire investor Peter Thiel, Twitter cofounder Jack Dorsey, two OpenAI board directors, Quora CEO Adam D’Angelo, and former Treasury Secretary Larry Summers also personally invested.
Mercor’s marketplace now depends on its own LLM, which builds on OpenAI and fine-tunes its proprietary data around its job-seeking process.
Applicants upload their resumes and take a 20-minute video interview with Mercor’s AI. Half that time is spent discussing the candidate’s experience, and the other half is spent responding to a relevant case study.
The job seeker’s application is then matched against all possible open jobs on Mercor’s marketplace. For more specialized roles, a second, tailored AI interview might follow.
Mercor promises to quickly connect with employers’ qualified candidates through contracted hourly, part-time, and full-time commitments.
Mercor’s largest pool of such talent remains in India.
The roles include engineering, product development, design, operations, and content.
Mercor faces competition from well-capitalized talent markets, such as startup unicorn Andela.
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