Vercel, a San Francisco, CA-based frontend development company, secured $40M in series B funding.
The round was led by GV, with participation from new investors Greenoaks Capital, Bedrock Capital and Geodesic Capital in addition to existing investors Accel and CRV.
The new funding, which brings the total raised to $61M, will be used to accelerate research and development, drive platform innovation and scale the team globally.
Led by Guillermo Rauch, CEO, Vercel has created Next.js, a React framework, and Vercel, a platform to build and deploy any frontend website or application. It provides vertical integration, from developer experience to edge delivery, with the industry’s most advanced development tools paired with parallel compute in a serverless cloud environment providing a fully-managed, highly-automated experience for both developers and users. Companies including Airbnb, HashiCorp and TripAdvisor deploy their frontends with the Vercel platform.