Mercur targets $20B valuation with $500M raise, founders eye $4.3B each
Mercur, the AI data‑labeling startup, is courting $500 million in new capital at a $20 billion valuation, doubling its worth in under a year. The raise follows a $350 million round at $10 billion and a surge to $2 billion in annualized revenue, despite recent security and governance hiccups. If the deal closes, each co‑founder could hold $4.3 billion in equity.