Vercel Hits $9 Billion Valuation as AI-Driven Web Development Tools Fuel Growth

San Francisco-based cloud platform Vercel has surged to a $9 billion valuation following a funding round led by Accel. The company, which specializes in AI-enhanced web development tools, has seen its revenue double in just over a year, reflecting soaring demand for AI-integrated infrastructure.

The latest investment marks a near-tripling of Vercel's valuation from $3 billion in 2024. Analysts attribute the premium 45x revenue multiple to the transformative potential of its AI offerings, including large language model integrations. Existing backers include IVP, 8VC, and GV.

Vercel's growth underscores a broader trend of infrastructure providers capitalizing on the AI boom. The platform's developer tools are increasingly seen as critical for modern app creation, positioning the company at the forefront of the AI-powered cloud revolution.