Vercel, a San Francisco, CA-based frontend cloud platform, raised $250M in Series E funding, at a valuation of $3.25B.
The round was led by Accel, with participation from other existing investors including CRV, GV, Notable Capital (previously GGV Capital), Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel.
The company intends to use the funds to deliver its frontend Cloud, AI, and enterprise-grade security to more developers, users, and companies.
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.
FinSMEs
16/05/2024