Vercel, an AI start-up, has secured $300 million in funding, bringing its valuation to $9.3 billion. The Series F funding round was co-led by Accel and Singapore's GIC Pte. New investors, including BlackRock and Khosla Ventures, also participated. Vercel intends to use the funds to scale its AI cloud platform and v0, its AI development agent.
Vercel's AI Cloud platform aims to provide enterprise-grade security with a streamlined developer experience. The company's AI suite has become a core focus, with tools like the v0 AI programming assistant, which generates code from interface design ideas, and AI Gateway, which enables rapid changes to AI models used by web applications. Vercel's platform supports companies like Anthropic, OpenAI, Square and WPP. Vercel's user base has doubled, with 82% year-over-year growth.
The company's focus on AI-native infrastructure has attracted significant investor confidence. Vercel's ability to double its revenue demonstrates the market's appetite for AI-integrated development solutions.
