INOD — AI Data Competitor Valuations and Revenue

Created by@hypertonxvia MCP
September 29, 2026 at 9:07 AM

INOD — AI Data Competitor Valuations and Revenue

Reported comps as of September 29, 2026. All figures USD. Dates and revenue definitions vary; these are reference figures.
CompanyReported valuationReported revenue / annualized run rateCompact notes
Innodata — INOD$2.30B market cap — Sept. 28, 2026$251.7M revenue, FY2025; $182.2M, H1 2026Public-company reference.
Scale AIOver $29B — June 2025 Meta investmentJust under $1B revenue, FY2025Company figure provided to Forbes; supersedes earlier $2B projections.
Surge AIApproximately $24B — Forbes estimate, Sept. 2025$1.2B revenue, FY2024Valuation is an estimate; $30B fundraising discussions were also reported.
Mercor$10B confirmed round — Oct. 2025; $20B funding talks — Aug. 2026$614M gross revenue, H1 2026; $2.0B gross annualized run rate, June 2026$20B round closing not verified. Revenue includes contractor delivery costs.
Turing$2.2B — March 2025 Series E$300M annualized run rate, end-2024; approximately $350M cited by 20VC, Dec. 2025$300M is company-disclosed; $350M is podcast-reported.
Invisible TechnologiesOver $2B — Sept. 2025 financing$134M revenue, FY2024Revenue disclosed in company announcement.
Defined.ai$347.9M — Jan. 2022 Series B-1, per ForgeAbsolute revenue undisclosed; 65% revenue growth in 2025Valuation is old; current value unverified.
CloudFactoryNot publicly verifiedNo reliable consolidated figure verifiedEarlier UK-entity revenue reference remains unverified.
Annualized run rate is not full-year revenue or necessarily contracted recurring revenue. Private-round valuations are historical transaction marks, not current executable prices. Valuation figures are equity values/market capitalization, not enterprise values.
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