Vercel Closes $300 Million Series F

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Vercel&comma; the company behind v0&comma; Next&period;js&comma; and the AI Cloud&comma; has closed a &dollar;300 million oversubscribed Series F funding round&comma; at a post-money valuation of &dollar;9&period;3 billion&period; A &dollar;300 million secondary tender offer for certain employees&comma; former employees&comma; and early investors will close in November&period;<&sol;p>&NewLine;<p>The investment round was co-led by Accel and GIC&comma; joined by new investors including funds and accounts managed by BlackRock&comma; StepStone&comma; Khosla Ventures&comma; Schroders&comma; Adams Street Partners&comma; and General Catalyst&period; Existing investors GV&comma; Notable Capital&comma; Salesforce Ventures&comma; and Tiger Global also participated in the round&period;<&sol;p>&NewLine;<p>Vercel has won over customers from solo developers to the world’s largest enterprises by building AI-native infrastructure from the ground up&comma; enabling companies like Anthropic&comma; OpenAI&comma; Square&comma; and WPP to focus on creating intelligent applications rather than managing complex AI infrastructure&period; Vercel has doubled its user base over the past year&comma; with 82&percnt; top line growth YoY&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;For a decade&comma; Vercel has been the go-to platform for web development&comma; and as AI transforms applications&comma; we&&num;8217&semi;ve evolved our infrastructure to match&comma;” said Guillermo Rauch&comma; CEO and founder of Vercel&period; &OpenCurlyDoubleQuote;The AI Cloud enables organizations to build at the speed of ideas&comma; and this investment accelerates our ability to provide the secure&comma; scalable foundation enterprises need as AI agents become integral to their workflows&period;”<&sol;p>&NewLine;<p>The funding will accelerate the growth of Vercel’s AI Cloud platform&comma; combining enterprise-grade security with exceptional developer experience for teams building intelligent applications&period; Vercel will also invest in scaling v0&comma; its groundbreaking AI development agent that enables full-stack application creation through natural language prompts&period; v0 has reached more than 3&period;5 million unique users&comma; with Teams &amp&semi; Enterprise accounts now representing more than 50&percnt; of v0 revenue&period;<&sol;p>&NewLine;<p>Recognizing that 70&percnt; of development ideation happens outside work hours&comma; Vercel has also launched v0 Mobile in public beta&comma; with general availability planned for October&period; The mobile app enables developers to build applications using voice prompts and camera input while on the go&comma; with more than 10&comma;000 users already on the waitlist&period; v0 Mobile syncs with existing v0 chats and delivers push notifications for completed builds&comma; allowing developers to act on ideas the moment they spark&period;<&sol;p>&NewLine;