A cloud platform for building, deploying, and hosting web applications, especially those built with frameworks like Next.js.
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Series F represented close to a 3x step-up from the May 2024 Series E ($3.25B to $9.3B), reflecting enterprise adoption of Next.js/its frontend cloud and AI-tooling (v0) traction. Revenue reportedly crossed ~$305M ARR by end-2025 and ~$340M ARR by Feb 2026, implying a roughly 30x revenue multiple at the anchor valuation. No new funding round found since Sept 2025; 2026 corporate activity has been acquihires (BetterAuth, Stakpak) rather than new capital raises.
Low: Revelio Labs, Mar 2026. High: Tracxn, Jul 2026.
As of 2026-09-13 · live via greenhouse's public job board · ≈9.1% of the 879–1,011 estimated team
+21 more roles across 9 other teams.
See all open roles at Vercel →Vercel maintains open-source web frameworks, centred on Next.js, and runs a proprietary hosting platform that deploys their build output onto managed compute and a global edge network. Since 2023 it has added an AI tooling layer, including the AI SDK, v0, AI Gateway, Workflows and an open-source agent framework.
| Date | Type | What |
|---|---|---|
| Jul 7, 2026 | Acquisition | Better Auth |
| Jun 17, 2026 | Milestone | eve, an open-source agent framework built on Workflows and Sandbox, enters public preview |
| Apr 16, 2026 | Milestone | Vercel Workflows, a durable-execution layer with an open-source SDK, reaches GA; the company states its beta processed over 100 million runs |
| Jan 30, 2026 | Milestone | Vercel Sandbox, which runs untrusted code in Firecracker microVMs, becomes generally available with its CLI and SDK open-sourced |
| Aug 21, 2025 | Milestone | AI Gateway, one API routing to many model providers with failover, reaches general availability |
| Jul 8, 2025 | Acquisition | NuxtLabs |
| Feb 4, 2025 | Milestone | Fluid compute announced, letting one instance serve many invocations; the company claims compute cost reductions of up to 85% |
| Jan 22, 2025 | Acquisition | Tremor |
| Oct 11, 2023 | Milestone | v0, which generates React, Tailwind CSS and shadcn/ui code from prompts, moves from alpha to beta |
| Jun 15, 2023 | Milestone | AI SDK ships, an Apache-2.0 TypeScript library for streaming and chat interfaces across model providers |
| Dec 15, 2022 | Milestone | Edge Functions reach general availability; Vercel has since deprecated them for new projects in favour of Node.js functions on Fluid compute |
| Oct 25, 2022 | Milestone | Turbopack, a Rust bundler led by webpack's creator Tobias Koppers, announced |
| Oct 25, 2022 | Acquisition | Splitbee |
| Dec 9, 2021 | Acquisition | Turborepo |
| Oct 26, 2021 | Milestone | Next.js 12 replaces Babel with a compiler built on SWC and introduces Middleware and an alpha of React Server Components |
| Apr 29, 2017 | Patent filed | US 2018/0315024 A1 Systems and Methods Enabling Secure Transactions from Terminal Window |
| Oct 25, 2016 | Milestone | Next.js released as a small framework for server-rendered JavaScript webapps built on React, Webpack and Babel; the repository is MIT-licensed |
| 2015 | Milestone | Founded as ZEIT, with Guillermo Rauch as a co-founder; renamed Vercel on April 21, 2020 |
Patents. Google Patents lists one application under the predecessor name Zeit Inc., with a priority date of April 29, 2017 and covering purchases from a terminal window; it was abandoned.
Vercel Inc., based in San Francisco, was founded in 2015 as ZEIT, with Guillermo Rauch as a co-founder, and was renamed Vercel on April 21, 2020. Its central open-source component is Next.js, released October 25, 2016 as "a small framework for server-rendered universal JavaScript webapps, built on top of React, Webpack and Babel", with file-system routing and per-page code splitting; the repository is MIT-licensed, copyright Vercel, Inc. Next.js 12 (October 26, 2021) replaced Babel with a compiler built on SWC, an Apache-2.0 community project whose creator Vercel hired, and introduced Middleware and an alpha of React Server Components, later the default rendering model of the App Router. Turbopack, a Rust bundler led by webpack's creator Tobias Koppers, was announced October 25, 2022. Turborepo, acquired December 2021, is MIT-licensed. The frameworks are open; the hosting platform that runs them is proprietary.
The platform deploys framework build output onto Vercel-managed compute and a global edge network. Edge Functions (JavaScript, TypeScript or WebAssembly on Vercel's Edge Runtime) reached general availability December 15, 2022; Vercel has since deprecated them for new projects in favour of Node.js functions on Fluid compute. Fluid compute, announced February 4, 2025, replaces one-request-per-instance serverless with in-function concurrency, so one instance serves many invocations while waiting on backends, using a Rust-based runtime, bytecode pre-compilation and a waitUntil hook for post-response work; the company claims compute cost reductions of up to 85%. Vercel Sandbox, generally available January 30, 2026, runs untrusted code in Firecracker microVMs, with its CLI and SDK open-sourced.
Since 2023 Vercel has added an AI tooling layer. The AI SDK, an Apache-2.0 TypeScript library for streaming and chat interfaces across model providers, shipped June 15, 2023; version 6 (December 22, 2025) added agent abstractions and MCP support. v0, which generates React, Tailwind CSS and shadcn/ui code from prompts, moved from alpha to beta October 11, 2023. AI Gateway, one API routing to many providers with failover, reached GA August 21, 2025. Vercel Workflows, a durable-execution layer with an open-source Workflow SDK, reached GA April 16, 2026; the company states it processed over 100 million runs during a beta that began October 2025. eve, an open-source agent framework built on Workflows and Sandbox, entered public preview June 17, 2026, and Vercel Connect, which issues short-lived scoped tokens to deployments and agents via OIDC identity, reached GA August 25, 2026.
Google Patents lists one application under the predecessor name Zeit Inc. (US 2018/0315024 A1, priority April 29, 2017, covering purchases from a terminal window); it was abandoned. No patents assigned to Vercel Inc. were found. The technical position rests instead on control of MIT- and Apache-licensed projects, the proprietary hosting infrastructure, and acquisitions with undisclosed terms: Turborepo (December 9, 2021), Splitbee analytics (October 25, 2022), Tremor (January 22, 2025; its paid blocks relicensed MIT), NuxtLabs (July 8, 2025; Nuxt and Nitro stay MIT) and Better Auth (July 7, 2026; stays MIT, having taken over Auth.js stewardship in 2025).
Profile as of Sep 18, 2026.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series F | 2025-09-29 | $9.3B+186% | Co-led by Accel and GIC (new investors BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners, General Catalyst) |
| Series E | 2024-05-01 | $3.2B+30% | Accel (also CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, SV Angel) |
| Series D | 2021-11-23 | $2.5B+127% | GGV Capital (also Accel, Bedrock Capital, CRV, Geodesic Capital, Greenoaks, GV, 8VC, Flex Capital, Latacora, Salesforce Ventures, Tiger Global, SV Angel) |
| Series C | 2021-06-23 | $1.1B | Bedrock Capital (also Accel, CRV, 8VC, Tiger Global) |
No upcoming rounds currently reported.
These are on the public record as giving exposure to Vercel. Buying one means owning a stake in the vehicle, not in Vercel, and the vehicle takes fees along the way.
| Vehicle | How you get exposure | Share of the vehicle | Who can buy |
|---|---|---|---|
| Destiny Tech100 Inc. Listed closed-end fund | Held directly | 0.15% of the fund | Anyone with a brokerage account that can trade US-listed shares. |
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| Status | S-1 Not Filed |
|---|---|
| Timing | 2027 (lower-confidence, unverified secondhand quote) |
| Notes | CEO Guillermo Rauch: Vercel is 'getting more ready every day' but declined to give a timeline ('no perfect timeline or quarter I can give'). |
| Source | TechCrunch, Apr 13 2026 |
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