Towards the AI Cloud: Our Series F

Vercel has achieved a significant milestone with a Series F funding round that values the company at $9.3 billion, accompanied by a $300 million investment co-led by Accel and GIC, and a tender offer for early stakeholders. Celebrating its 10th anniversary, Vercel is experiencing its most transformative year, marked by a shift from building web pages to developing AI-powered agents, reflecting a broader evolution from pixels to tokens. This transformation is underscored by the launch of the AI Cloud, designed to support AI applications, and the development of an AI SDK that offers access to over 60 models, resulting in over 3 million weekly downloads. Vercel's commitment to open source and user-focused innovation is exemplified by its open-sourcing efforts, the widespread adoption of Next.js, and the beta release of Vercel Agent for AI-driven code reviews. The upcoming release of the v0 iOS app, currently in public beta, aims to enhance productivity by enabling development outside traditional work hours, demonstrating Vercel's vision for a dynamic web where imagination seamlessly transitions into creation.