Vercel CEO signals IPO readiness

Vercel Chief Executive Guillermo Rauch said the company is “ready and getting more ready for every day” for an initial public offering. (techcrunch.com) Rauch made the comment onstage at HumanX after Vercel’s annual recurring revenue rose from $100 million at the start of 2024 to a $340 million run rate by the end of February 2026, according to TechCrunch, citing The Information and Forbes. (techcrunch.com) The same report said about 30% of apps on Vercel’s platform are now generated by artificial intelligence agents, which Vercel sees as a new source of hosting demand. (techcrunch.com) Vercel sells the cloud infrastructure behind many web apps, especially projects built with Next.js, a React-based framework that Vercel created and maintains. Vercel’s own documentation calls it the “native Next.js platform.” (vercel.com) That link matters because Next.js has become one of the most widely used web frameworks in the JavaScript ecosystem. The `next` package lists more than 60,000 projects using it in the npm registry. (npmjs.com) The company raised a $300 million Series F round on September 30, 2025, at a $9.3 billion post-money valuation, with Accel and GIC co-leading the financing. Vercel said at the time it was building what it called the “AI Cloud.” (vercel.com) That funding gave Vercel cash to expand before any stock-market debut, at a time when software companies have been trying to show they can turn artificial intelligence usage into infrastructure revenue. Vercel said in its Series F announcement that customers were using its platform to build “AI-native applications and agents at enterprise scale.” (businesswire.com) Rauch’s comments do not amount to a filing or a timetable. But they show Vercel is willing to talk publicly about listing plans while tying its growth story to artificial intelligence-generated software and the developer traffic around Next.js. (techcrunch.com)