Overview

• The oversubscribed Series F was co-led by Accel and Singapore’s GIC, with participation from BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners and General Catalyst alongside existing backers.
• Vercel reported its user base doubled over the past year and revenue grew 82%, with customers that include OpenAI, Anthropic, PayPal, Nike and Walmart.
• The company said the new capital will expand its AI Cloud, bolster enterprise-grade security and advance its AI development agent, v0.
• Vercel cited roughly 3.5 million users for v0 and introduced v0 Mobile in public beta, enabling voice and camera-driven coding with a waitlist exceeding 10,000.
• A separate $300 million secondary tender for employees, former employees and early investors is expected to close in November, alongside recent senior hires to scale enterprise operations.