Diligence memo · auto-generated · as of July 2, 2026
Mercor.io Corp
Mercor.io Corp looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Mercor.io Corp operates in Software / Tech, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Mercor.io Corp has raised $469M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $330M on 2025-10-10.
Most recent recorded round closed around 2025-10-10.
Valuation (modeled)modeled
Provath models Mercor.io Corp at approximately $2.8B (range $1.8B–$3.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.02× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 9 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 3.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Software / Tech peers (3920 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Saronic Technologies, Inc., Clearwater Analytics Holdings, Inc., Mercury Technologies, Inc., Bitmine Immersion Technologies, Inc., Elise A.I. Technologies Corp..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.