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Vercel

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Vercel
Private
ISIN🆔
IndustryInternet Technology
Founded 📆2014; 11 years ago (2014)
Founder 👔Guillermo Rauch
Headquarters 🏙️,
San Francisco
,
United States
Area served 🗺️
World
Key people
Guillermo Rauch (Chief executive officer)
Products 📟 Next.js
Members
Number of employees
75[1]
🌐 Websitewww.vercel.com
📇 Address
📞 telephone

Vercel is a San Francisco-based internet technology company that designs tools for website and web app creation.

The company provides cloud-based tools and services that enable web designers and developers to create, preview, and ship websites and web apps on the Internet.[1][2]

The company was founded as ZEIT in 2015 by CEO Guillermo Rauch who rebranded it in early 2020 as Vercel.[2]

In 2016 the company built Next.js, an open source development structure used in generating static websites.[3] Guillermo Rauch is the original author of Next.js.[1][4]

On April 21, 2020, Vercel raised $21 million in Series A funding,[2] followed by $40 million in Series B funding in December of 2020.[5] Total funding raised at that time was $61 million. On June 23, 2021, Vercel raised $102 million Series C funding.[3] On November 23, 2021, Vercel announced a round of $150 million Series D funding that put the company's valuation at $2.5 billion. Total funding at that time was $313 million.[6]

In December of 2021, Vercel acquired Turborepo, a tool that organizes source code into a single storage space that includes everything needed to build a web application. Turborepo founder Jared Palmer will become the build performance team leader at Vercel.[7][8]


References[edit]

  1. 1.0 1.1 1.2 Wiggers, Kyle (23 June 2021). "Vercel secures $102M to accelerate Next.js adoption". VentureBeat. Retrieved 10 October 2021.
  2. 2.0 2.1 2.2 Pimentel, Benjamin (4 April 2020). "The 29-year-old founder of Vercel used this pitch deck to raise $21 million from investors like Accel and GitHub's CEO to build faster websites". Business Insider. Retrieved 13 October 2021.
  3. 3.0 3.1 Wheatley, Mike (23 June 2021). "Vercel, creator of the Next.js React framework, raises $102M in fresh funding". SiliconANGLE. Retrieved 27 October 2021.
  4. MacManus, Richard (20 July 2020). "How Vercel Frees Frontend Developers from Backend Burden". The New Stack. Retrieved 20 June 2021.
  5. Vizard, Mike (16 December 2020). "Vercel picks up $40 million to advance React framework". VentureBeat. Retrieved 22 December 2021.
  6. Lardinois, Frederic (23 November 2021). "Vercel raises $150M Series D as it looks to build an end-to-end front-end development platform". TechCrunch. Retrieved 22 December 2021.
  7. Vizard, Mike (9 December 2021). "Vercel Acquires Turborepo to Gain Build System". DevOps. Retrieved 7 January 2022.
  8. Lardinois, Frederic (9 December 2021). "Vercel acquires Turborepo". TechCrunch. Retrieved 7 January 2022.


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