Inception Labs

2 models across 1 family · Latest: Mercury 2 (2026-02)

CodingRAGAgentsLong contextClassificationJSON / Tool use
Inception Labs releases · 1 in the last 12 monthsChangelog →

Inception Labs's portfolio covers 2 active models across 1 current family, spanning coding, rag, and agents. Open a model detail page to compare provider routes and sourced benchmarks.

Covers 6 workload areas across 2 active tracked models; last verified 2026-09-23.

Use it for

  • Teams evaluating coding, rag, and agents across this lab's releases
  • Comparing model families before committing to a flagship
  • Migration and pricing follow-ups across 2 tracked models

Do not use it for

  • Choosing a hosting provider without opening a model page for price ladders

Active models

2

Current models from this lab, excluding deprecated ones

Active families

1

Current model families from this lab

Open catalog

0 open

0 open source / 0 open weights

Lowest output price

$0.750 /1M

Cheapest tracked output across active models, per 1M tokens

Latest dated release

2026-02-20

Mercury 2

Freshness

2026-09-23

Researched 22d ago

fresh

Information

Founded2024
San Francisco, CA

Release cadence

Dated releases
1
Latest model
Mercury 2
Latest date
2026-02-20

Where this lab wins

  • Coding: 1 tracked model with SWE-bench / HumanEval-style scores.
  • RAG: 2 tracked models with ruler / needle retrieval benchmarks.
  • Agentic: 1 tracked model with BFCL, tau-bench, and SWE-bench tool-use coverage.
  • Long-context: 2 tracked models with context-token or InfiniteBench-class signal.

Flagship quality / price signal

Flagship
Mercury 2
Selection source
Best sourced coding Q/$
Coding grade
unknown
Benchmark / output price
Not enough sourced benchmark and price coverage

About

Inception Labs is an AI company building diffusion-based large language models (dLLMs), a fundamentally different architecture from autoregressive transformers. Their Mercury model series is designed for speed and efficiency, with Mercury 2 being one of the fastest commercially available LLMs.

Featured models

ModelReleasedContextInput price ($/1M)Output price ($/1M)LicenseOpenness
Mercury 22026-02-20128K$0.25$0.75ProprietaryProprietary
Mercury 2.5 Preview-256K$0.20$0.75ProprietaryProprietary

Model families

Recent releases

  1. Mercury 2- 2026-02-20

Explore related pages

Last reviewed: 2026-09-23. Data sourced from public lab announcements and provider documentation.