Vercel's Value Hits $9.3 Billion in Fresh AI Funding

Artificial intelligence startup Vercel has secured $300 million in a recent funding round. The funding was led by Accel and Singapore’s sovereign wealth fund GIC Pte, resulting in a valuation of $9.3 billion.

New investors, including BlackRock Inc., StepStone, Khosla Ventures, Schroders, Adams Street Partners, and General Catalyst, joined the funding round, as announced by the company on Tuesday. Vercel is also facilitating a tender offer, enabling certain early backers and employees to sell approximately $300 million worth of shares.