Vercel, an innovative artificial intelligence startup, has successfully raised $300 million in a funding round, propelled by leading investors Accel and Singapore’s sovereign wealth fund, GIC Pte. This investment has catapulted Vercel’s valuation to an impressive $9.3 billion. Participation in this funding round also included prominent new investors such as BlackRock Inc., StepStone, Khosla Ventures, Schroders, Adams Street Partners, and General Catalyst. In addition to the funding, Vercel is executing a tender offer, enabling early backers and employees to sell approximately $300 million worth of shares. This strategic move not only enhances liquidity for early stakeholders but also solidifies Vercel’s position in the competitive AI tech landscape. As Vercel continues to expand its solutions, this investment strengthens its capabilities, paving the way for future innovations in artificial intelligence.
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