Vercel, the company behind Next.js, v0, and its expanding AI Cloud, has closed a $300 million Series F round at a post-money valuation of $9.3 billion, alongside a $300 million secondary tender offer set to finalize in November. The round was oversubscribed and co-led by Accel and GIC, with participation from BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners, and General Catalyst, alongside existing investors including GV, Notable Capital, Salesforce Ventures, and Tiger Global.
The fresh capital underscores investor confidence in Vercel’s ambition to redefine how enterprises adopt AI infrastructure. Over the past year, the company has doubled its user base while achieving 82% year-over-year top line growth, cementing its place as both a developer-first platform and an enterprise-grade AI provider. CEO and founder Guillermo Rauch emphasized that the AI Cloud is designed to enable organizations to “build at the speed of ideas,” with the new funding accelerating efforts to make AI agents integral to enterprise workflows.
At the heart of this expansion is v0, Vercel’s AI development agent that enables full-stack application creation through natural language prompts. Now used by more than 3.5 million unique developers, v0 has seen enterprise adoption surge, with Teams & Enterprise accounts contributing more than half of its revenue. Recognizing that most ideation occurs outside office hours, Vercel also introduced v0 Mobile, a public beta app allowing developers to build via voice and camera prompts on the go, already attracting a waitlist of more than 10,000 users ahead of its October launch.
The funding will also accelerate work on the company’s broader AI ecosystem: the AI Gateway, AI Sandbox, and the AI SDK, which has already surpassed 3 million weekly downloads. These tools position Vercel as a backbone for enterprises building secure, scalable AI-driven applications while addressing rising concerns around “vibecoding,” a 2025 trend highlighting the risks of untrusted AI-generated code. By embedding security directly into its infrastructure, Vercel is becoming a trusted platform for organizations balancing rapid innovation with risk management.
The customer base illustrates this dual appeal. On one end are frontier AI companies like Anthropic, OpenAI, Browserbase, Granola, and Luma. On the other are household brands including AT&T, Hulu, Nike, Target, Walmart, PayPal, Supreme, and Under Armour, many of which continue to rely on Next.js, the open-source React framework Vercel originated, as their web development foundation.
Adding to its momentum, Vercel has significantly bolstered its leadership team with high-profile hires: Jeanne Grosser (Stripe) as COO, Keith Messick (Redis) as CMO, Aparna Sinha (Capital One) as SVP of Product, Werner Schwock (HashiCorp) as CAO, and Talha Tariq (IBM) as CTO of Security starting October 2025. This lineup signals a deliberate shift toward scaling both enterprise credibility and global operations.
With $300 million in fresh capital and a secondaries program rewarding early employees and investors, Vercel is positioning itself not just as the go-to developer platform but as a secure, enterprise-grade foundation for the AI-agent era. The company is betting that the next decade of software will be built as much through natural language as through code—and that its AI Cloud will be the scaffolding on which those applications rise.
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