Vercel at a glance
Question | Answer | As of |
|---|---|---|
Who owns Vercel? | Its founder, staff and investors led by Accel, GIC, GV, CRV and Bedrock; it is private | Nov 2026 |
Revenue | $500 million annualized run-rate, company figure; $600 million reported in October | Jul 2026 |
Valuation | $9.3 billion, after its Series F | Sep 30, 2025 |
Funding | $863 million in six rounds | Sep 2025 |
Customers | About 485,000 paying customers, including OpenAI, Anthropic and Meta | Oct 2026 |
Employees | About 1,000, by outside estimates; Vercel publishes no count | 2026 |
CEO | Guillermo Rauch, founder | Nov 2026 |
Founded | November 2015, as ZEIT; renamed Vercel in April 2020 | 2015 |
Headquarters | 201 Mission Street, San Francisco, with offices in New York, London and Berlin | 2026 |
Email format | {first}.{last}@vercel.com, such as maya.chen@vercel.com (79%); some early staff use {first}@ | Nov 2026 |
Vercel runs websites, web apps and, increasingly, AI agents: developers push code and Vercel builds it and serves it worldwide. It makes Next.js, the most used React framework, the AI SDK and v0, an app builder that writes code from a prompt. Coding agents such as Claude Code now deploy to it as often as people do: it handles about 6 million deployments a day, half of them started by agents (TechCrunch).
Vercel in 2026: $500 million, agents and an IPO next year
Growth sped up through 2026. Vercel passed $500 million in annualized run-rate revenue in early July, it said in August (Business Wire), and The Information reported $600 million in October, up 148% in a year, citing a person close to the company (Dealroom). “The company’s ready and getting more ready for it every day,” Guillermo Rauch said of an IPO in April (TechCrunch); he told Bloomberg Línea he expected it “next year.” It hasn’t filed publicly.
Vercel now calls itself an agentic infrastructure company. It launched eve, an open-source agent framework, in June, bought the login library Better Auth in July, and in October added Python, daemons and other tools at its Ship conferences (Vercel).
Who owns Vercel?
Vercel is private. Rauch, staff and early investors hold shares alongside its funds: Accel led the Series A, E and F, with CRV, GV, Bedrock, Notable Capital (formerly GGV), Tiger Global, GIC and others. About $300 million of shares changed hands in a tender offer for employees and early investors after the Series F. Its independent directors include Stripe CFO Steffan Tomlinson and HashiCorp co-founder Mitchell Hashimoto.
What is Vercel’s revenue?
Vercel reports annualized run-rate revenue rather than a booked total. It reached $340 million at the end of February 2026, up 84% in a year (Dealroom), and $500 million in early July. Most of it now comes from usage-based fees, not seat subscriptions, and its gross margin was above 70% at $200 million ARR.
| Date | Figure | Type | Source |
|---|---|---|---|
| Oct 1, 2026 | $600M | Annualized revenue | dealroom.co |
| Jul 2026 | $500M | Annualized revenue | dealroom.co |
| Feb 28, 2026 | $340M | Run-rate | techcrunch.com |
| May 2025 | $200M | ARR | theinformation.com |
| Jan 2024 | $100M | ARR | techcrunch.com |
Vercel ARR and revenue run rate
Date | Figure | Source |
|---|---|---|
Oct 1, 2026 | $600M annualized, +148% | The Information, one person close to the company |
Early Jul 2026 | $500M annualized run-rate | Vercel |
End of Feb 2026 | $340M run-rate GAAP revenue, +84% | Vercel |
May 2025 | $200M ARR (The Information) | COO Jeanne DeWitt Grosser |
Early 2024 | $100M ARR | The Information |
May 2024 | Over $100M annualized revenue | Vercel, at its Series E |
Vercel MRR (monthly recurring revenue)
Vercel doesn’t publish MRR, and most of its revenue is usage-based. Its $500 million run rate of July 2026 works out to about $42 million a month (our calculation); the October report put it at $50 million a month.
How much has Vercel raised? Funding and valuation
$863 million in six rounds. The last was a $300 million Series F in September 2025 at a $9.3 billion post-money valuation, led by Accel and GIC, with BlackRock, Khosla Ventures and General Catalyst among the new investors (GIC). Vercel hasn’t raised since.
Round | Date | Amount | Lead | Valuation |
|---|---|---|---|---|
Series F | Sep 30, 2025 | $300M, plus a ~$300M tender offer | Accel and GIC | $9.3B post-money |
Series E | May 16, 2024 | $250M | Accel (Silicon UK) | $3.25B |
Series D | Nov 23, 2021 | $150M | GGV Capital (Vercel) | Over $2.5B |
Series C | Jun 23, 2021 | $102M | Bedrock Capital (Vercel) | Over $1B |
Series B | Dec 16, 2020 | $40M | GV (Vercel) | Not disclosed |
Series A | Apr 21, 2020 | $21M | Accel and CRV (Vercel) | Not disclosed |
The company is Vercel Inc., a Delaware corporation that was called ZEIT, Inc. until 2020, as its SEC filing for the Series D shows (SEC).
What does Vercel do? Products
Rauch started ZEIT in November 2015 after selling his previous startup, Cloudup, to Automattic. Its first product, now, deployed apps with one command; in October 2016 it open-sourced Next.js, which became the most popular React framework. ZEIT became Vercel in April 2020. Since 2023 it has built for AI: the AI SDK, v0, an AI Gateway, sandboxes for running AI-written code and, in 2026, eve and the Agent Stack.
Date | Launch |
|---|---|
Oct 2026 | Ship 2026: Python, daemons, Vercel Connect; Vercel CI and Security Review in beta |
Jul 7, 2026 | Acquires Better Auth |
Jun 17, 2026 | eve, an open-source agent framework |
Oct 23, 2025 | Workflow Development Kit |
Jul 8, 2025 | NuxtLabs, maker of Nuxt, joins Vercel |
Jun 2025 | Vercel Sandbox; BotID |
May 20, 2025 | AI Gateway |
Feb 4, 2025 | Fluid compute |
Oct 11, 2023 | v0 opens to the public |
Jun 15, 2023 | AI SDK |
Oct 25, 2022 | Turbopack; acquires Splitbee |
Dec 9, 2021 | Acquires Turborepo |
Apr 21, 2020 | ZEIT becomes Vercel |
Oct 25, 2016 | Next.js |
Apr 2016 | now, ZEIT’s first product |
Vercel pricing
Plan | Price | Includes |
|---|---|---|
Hobby | $0 | Personal, non-commercial projects |
Pro | $20 a month per developer seat | $20 of usage credit, free viewer seats, spend management |
Enterprise | Custom | SSO and SCIM, managed firewall rules, multi-region failover, 99.99% SLA |
Usage beyond the credit is billed by the resource (Vercel). v0 has a free tier and paid plans per user. Large unexpected bills on usage pricing have been a recurring complaint; when Vercel reworked the Pro plan in September 2025 it said about 7% of teams would pay more (Vercel).
Security incidents and controversies
March 2025: a critical Next.js flaw, CVE-2025-29927, let attackers skip middleware checks in self-hosted apps; Vercel later said its triage had been delayed (Vercel).
December 2025: React2Shell, CVE-2025-55182, a maximum-severity flaw in React Server Components that hit Next.js; Vercel shipped firewall rules and a fix tool (Vercel).
April 2026: attackers who had breached Context.ai, an AI tool a Vercel employee used, got into Vercel’s systems and read some customers’ environment variables; Vercel closed the incident on October 16 (Vercel).
September 2025: after Rauch posted a photo with Israeli Prime Minister Benjamin Netanyahu, some developers said they were cancelling their accounts and called for a boycott (Middle East Eye). We found no company statement, and no effect on its revenue has been reported.
Cloudflare: Rauch and Cloudflare CEO Matthew Prince have traded public jabs since 2025; in February 2026 Vercel reported seven security flaws in vinext, Cloudflare’s AI-built rewrite of Next.js.
Vercel vs Netlify, Cloudflare and AWS
Netlify is its oldest rival for front-end hosting; Cloudflare, a public company with more than $2 billion of revenue in 2025, and Amazon Web Services compete for the same workloads. In AI app building, v0 competes with Lovable, Replit and Bolt, while Supabase and Railway sell back-end services to the same developers.
Who is the CEO of Vercel?
Guillermo Rauch, who founded it in 2015. He grew up in Lanús, outside Buenos Aires, wrote the open-source libraries Socket.IO and Mongoose and co-created Next.js. Forbes counts him a billionaire, at $2.1 billion. Vercel’s executives are listed below; Tony Kovanen co-founded ZEIT with him.
Person | Role |
|---|---|
Guillermo Rauch | Founder and CEO |
Jeanne DeWitt Grosser | Chief operating officer since March 2025, formerly Stripe’s chief business officer |
Malte Ubl | Chief technology officer |
Tom Occhino | Chief product officer |
Nick Bogaty | Chief revenue officer since January 2026, from Adobe |
Keith Messick | Chief marketing officer since 2025, from Redis |
Talha Tariq | CTO (Security) since October 2025, from IBM |
Guillermo Rauch’s bio and contact routes: Vercel CEO Guillermo Rauch: email, LinkedIn and bio.
Where is Vercel based?
San Francisco, where it moved into a larger headquarters at 201 Mission Street in late 2025. Staff near its San Francisco, New York, London and Berlin offices come in on Mondays, Tuesdays and Fridays; others work fully remote. Vercel publishes no headcount; outside estimates put it at about 800 in late 2025 and about 1,000 in 2026.
What is Vercel’s email format?
Vercel staff mostly use {first}.{last}@vercel.com, such as maya.chen@vercel.com for a fictional Maya Chen; some early staff use {first}@vercel.com. A vercel.app address is a customer’s site, and it never sends email.
Need | Official address |
|---|---|
Support | vercel.com/help; paid plans can open a ticket |
Abuse or a phishing site on Vercel | The form at vercel.com/abuse |
Security vulnerabilities | HackerOne, or responsible.disclosure@vercel.com |
Privacy | privacy@vercel.com |
Press | press@vercel.com |
All patterns, domains and official inboxes: Vercel email format.
Key events
Date | Event |
|---|---|
Oct 1, 2026 | $600M annualized revenue reported |
Aug 6, 2026 | Discloses $500M run-rate; Amit Agarwal joins the board |
Jul 7, 2026 | Acquires Better Auth |
Jun 17, 2026 | Launches eve |
Apr 2026 | Security incident via Context.ai; Rauch says Vercel is ready for an IPO |
Feb 2026 | $340M run-rate revenue |
Jan 13, 2026 | Nick Bogaty joins as CRO |
Dec 2025 | React2Shell |
Sep 30, 2025 | $300M Series F at $9.3B |
Mar 13, 2025 | Jeanne DeWitt Grosser joins as COO |
May 16, 2024 | $250M Series E at $3.25B |
Oct 11, 2023 | v0 launches |
Nov 23, 2021 | $150M Series D at over $2.5B |
Jun 23, 2021 | $102M Series C; becomes a unicorn |
Apr 21, 2020 | ZEIT renamed Vercel; $21M Series A |
Oct 25, 2016 | Next.js released |
Nov 2015 | Guillermo Rauch starts ZEIT |
More on Vercel and similar companies
Vercel email format: the staff pattern, and why a vercel.app site isn’t Vercel
Vercel CEO Guillermo Rauch: from Lanús and Socket.IO to a $9.3B company
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