$102M to Continue Building the Next Web, Together

Today, Vercel announced its Series C funding, a major milestone in its mission to build a faster web, with $102 million of additional investment at a valuation greater than $1 billion. This comes as the company experiences incredible momentum, doubling traffic on its edge network and quadrupling weekly deployments over the past six months. The funding round is led by existing investor Bedrock Capital, with participation from other investors, and marks a significant increase in the number of homepages using Next.js, now accounting for 50% of Alexa top 10,000 sites. Vercel has also tripled its enterprise customer base, with companies like Hashicorp, GitHub, IBM, McDonald's, and Facebook choosing to build and host their websites on the platform.

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