Three 22-year-old high school friends, two of Indian origins , have become the world’s youngest self-made billionaires after their San Francisco-based AI startup Mercor reached a valuation of $10 billion, as per a report by Forbes . The company, co-founded by Brendan Foody (CEO), Surya Midha (Board Chairman) and Adarsh Hiremath (CTO), raised $350 million in a new funding round led by Felicis Ventures. General Catalyst, Benchmark and Robinhood Ventures have also participated.
Each of the three co-founders has roughly a 22 per cent stake in Mercor, making them the youngest billionaires in the global tech industry. Mercor builds AI-powered recruitment and data-levelling systems that assist major artificial intelligence labs in training their models with human expertise.
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