Sources: Data Labeling Startup Handshake's Annual Revenue Reaches Approximately $1B, Up from $550M in January; Mercor Achieves Over $1B in Annual Revenue This Year (The Information)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
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Source: Techmeme
Revenue Growth: Handsake, a data labeling startup, reported a gross annualized revenue of approximately $1 billion, a significant increase from $550 million in January.
Market Demand: The growing appetite for data among AI firms has boosted sales for obscure startups operating in the industry.
Industry Trends: The surge in revenue reflects a broader trend of increasing investment and interest in data-related services within the AI sector.
Competitive Landscape: The competitive environment is intensifying as more companies seek to capitalize on the demand for data labeling and related services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
