Vercel Inc. is a private San Francisco cloud company that created and maintains Next.js. It hosts websites, web apps and AI agents, and makes the v0 app builder and the open-source AI SDK. Guillermo Rauch founded it in 2015 as ZEIT and is its CEO.
What Vercel sells
- Platform: Git-based deployments with a preview link for each pull request, global delivery and Fluid compute, running on AWS.
- Next.js: a free, open-source React framework that brings developers to the platform.
- v0: builds web apps from natural-language prompts.
- AI SDK: an open-source TypeScript toolkit for AI interfaces and agents.
How Vercel makes money
Vercel charges per member on Pro plans, negotiates Enterprise contracts, and bills for metered usage such as compute, data transfer and AI model calls. A September 2026 report said most revenue now comes from usage-based fees.
Funding and revenue
Vercel raised $102 million in June 2021 and $250 million at a $3.25 billion valuation in May 2024. On September 30, 2025, it closed a $300 million Series F at a $9.3 billion post-money valuation, co-led by Accel and GIC. It publishes no audited financials. TechCrunch, citing Forbes, reported a revenue run rate of about $340 million at the end of February 2026, and a later report put annualized revenue at about $600 million in September 2026.
Acquisitions
Turborepo (2021), Splitbee (2022), Tremor (January 2025), NuxtLabs (July 2025) and Better Auth (July 2026). Terms were not disclosed.
2026 events
Mitchell Hashimoto joined the board in March 2026. In April the company disclosed a breach that started with a compromised third-party AI tool. In June, Rauch said coding agents accounted for about half of new business.
