San Francisco, California, USA: Adarsh Hiremath and Surya Midha, both 22, have made history as the youngest self-made billionaires ever, surpassing Meta founder Mark Zuckerberg’s long-standing record. The duo, along with their co-founder Brendan Foody, lead Mercor, an artificial intelligence-driven hiring platform headquartered in San Francisco.
The company recently achieved a $10 billion valuation following a $350 million Series C funding round led by Felicis Ventures, with participation from Benchmark, General Catalyst, and Robinhood Ventures.
In the company’s leadership, Foody serves as the Chief Executive Officer, Midha holds the position of Chairman, and Hiremath operates as the Chief Technology Officer. Each founder owns approximately 22% of the firm.
Announcing the funding milestone, Foody shared, “We’re thrilled to announce our $350 million Series C, which values Mercor at $10 billion—five times our Series B valuation.”
Mercor highlighted its mission on LinkedIn, stating, “Since launching in 2023, our goal has been to transform how the job market evolves with AI. We aim to unlock human potential by connecting top professionals with the AI enterprises and labs shaping the global tech economy.”
Before attracting major investors, the trio bootstrapped Mercor from their Harvard and Georgetown dorm rooms, scaling it to seven-figure annual recurring revenue and building a network of 100,000 professionals across 25 countries.
Mercor’s technology integrates data from resumes, GitHub profiles, and personal websites to create a comprehensive view of each candidate. Its AI-powered interviewers then conduct detailed assessments to identify the most suitable applicants.
Today, the startup oversees more than 30,000 contractors worldwide, collectively earning over $1.5 million daily. According to Mercor, these workers help its AI systems “think more like humans by sharing knowledge, experience, and real-world context that code alone cannot capture.”
