The size of Nvidia’s potential investment and the total funding round could not be learned, according to the report.
Mercor’s revenue from Nvidia has been growing as the chip company focuses on the development of its Nemotron open-source models, and the company earned tens of millions of dollars from Nvidia during the last quarter, per the report.
Neither Nvidia nor Mercor immediately replied to PYMNTS’ request for comment.
Nvidia also uses data from Turing and Scale, and the company invested in Scale’s 2024 funding round that valued the company at $14 billion, the report said.
Mercor was valued at $10 billion in an October Series C funding round in which the company raised $350 million. That valuation was five times higher than the company’s Series B valuation, Mercor Co-Founder and CEO Brendan Foody said in a blog post.
“At Mercor, our vast talent network trains frontier AI models in the same way teachers train students: by sharing knowledge, experience and context that can’t be captured in code alone,” Foody said in the post. “Each project expands what models understand.”
It was reported in April that Mercor had been served with at least seven class-action lawsuits in…
