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Mercury Valuation Climbs To $5.2 Billion After New Funding

Financing Growth Amid Market Resilience

Mercury has raised $200 million in new funding at a valuation of $5.2 billion, according to CNBC. The round, led by venture capital firm TCV, represents a 49% increase from Mercury’s previous valuation recorded 14 months earlier. Investors backing the company include Sequoia Capital, Andreessen Horowitz and Coatue.

Harnessing AI To Power Entrepreneurial Innovation

Mercury provides banking and financial management services focused primarily on startups and technology companies. The company said it now serves more than 300,000 customers, including a large share of early-stage startups in the United States. Mercury has remained profitable for the past four years and currently generates approximately $650 million in annualised revenue.

Immad Akhund, CEO of Mercury, said growing adoption of artificial intelligence tools among startups has contributed significantly to the company’s recent expansion. According to Akhund, AI is accelerating the way entrepreneurs build products, automate workflows, and manage digital operations.

Building Mercury Bank: A Strategic Evolution

Mercury recently received conditional approval from the Office of the Comptroller of the Currency to establish a federally regulated bank. The move is expected to allow the company to retain a larger share of revenue while expanding services such as lending and instant payments through the Zelle network.

Mercury currently works with partner banks, including Column and Choice Financial. Akhund said direct regulation has become increasingly important as the company scales its operations and financial infrastructure.

Charting A Future Of Independent Strength And Innovation

Mercury’s transition toward becoming a regulated bank reflects broader changes across the fintech sector following disruptions involving intermediaries such as Synapse. The company is also continuing to expand AI-driven features, including conversational finance tools and workflow automation systems designed to simplify financial management for startups and businesses. Mercury’s latest funding round highlights continued investor interest in profitable fintech companies with strong AI integration and scalable infrastructure.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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