Vercel Raises $250M in Series E at $3.25 Billion Valuation
Summary
Vercel, a San Francisco, CA-based frontend cloud platform, raised $250M in Series E funding, at a valuation of $3.25B. Led by CEO and Founder Guillermo Rauch, Vercel provides a frontend cloud platform that offers the developer experience and infrastructure to build, scale, and secure a faster, more personalized web. It enables customers like Under Armour, The Washington Post, Stripe, and Wayfair to build dynamic user experiences on the web. Vercel will invest in further building v0, its Generative UI product that makes product creation as simple as describing ideas via prompts. Additionally, the company will invest in its Vercel AI SDK, providing developers and teams with a comprehensive framework for building AI applications and products.
Funding
Amount
$250.0M
Total raised
Date
May 16, 2024
Announcement date
Investors
-
Lead investors
Company
http://www.vercel.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
Cloud Platform
Developer Tools
DevOps Software
Linked Companies
Vercel
$50M to $100M