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Mercor Secures $350 Million in Series C Funding, Valuation Hits $10 Billion

Daily Summary of AI Startup Funding News (November 2, 2025)

Recently Closed Funding Rounds

Mercor

  • Funding Amount: $350 million (Series C)
  • Description: AI hiring startup Mercor closed this round to enhance its platform, bringing its valuation to $10 billion.
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Lexroom.ai

  • Funding Amount: €16.2 million (Series A)
  • Description: Milan-based AI-powered legal tech startup Lexroom.ai raised this funding to support its operations and expand its market presence.
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Abridge

  • Funding Amount: $300 million (Series E)
  • Description: Healthcare AI unicorn Abridge raised this round led by Andreessen Horowitz, valuing the company at $5.3 billion.
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Fal

  • Funding Amount: $125 million
  • Description: Multimodal AI company Fal raised this funding to enhance its AI infrastructure capabilities, achieving a valuation of $1.5 billion.
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Startups Currently Raising Funds

DRUID AI

  • Funding Target: €50 million
  • Description: This conversational AI startup is looking to raise funds for its AI-powered virtual assistants that automate enterprise workflows.
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LayerX

  • Funding Amount: $100 million (Series B)
  • Description: LayerX aims to expand its AI platform that automates enterprise back-office functions.
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Astrus

  • Funding Target: Not specified
  • Description: This startup is expected to play a critical role in global semiconductor competitiveness, particularly as AI hardware demand accelerates.
  • Read more here

Summary

The AI funding landscape remains robust, with significant recent rounds closed by startups like Mercor and Lexroom.ai. Additionally, DRUID AI is actively seeking funds to enhance its offerings, indicating ongoing investor interest in AI technologies across various sectors.

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