AI coding startup Vercel raises $300 million, valued at $9.3 billion

Core Insights - Vercel has raised $300 million in an oversubscribed Series F funding round, achieving a valuation of $9.3 billion [1] - The funding round was co-led by Accel and GIC, with participation from new investors such as BlackRock, StepStone, and Khosla Ventures [1] Company Performance - Vercel's user base has doubled over the past year, and the company reported an 82% increase in revenue [2] - The company serves notable clients including OpenAI, Anthropic, PayPal, Nike, and Walmart [2] Future Plans - The funds will be used to expand AI Cloud services, enhance security features, and invest in the AI development agent, v0, which has over 3.5 million users [3] - Vercel is set to launch v0 Mobile in October, enabling developers to create apps using voice and camera inputs [3] - A $300 million secondary tender offer for employees, former employees, and early investors is expected to close in November [3]