Cloud Startup Vercel Fields Offers for $9 Billion Valuation

Vercel, a nine-year-old cloud startup that companies use to host and develop websites and artificial intelligence apps, has been approached by investors offering to invest hundreds of millions of dollars at a valuation between $8 billion to $9 billion, according to a person with direct knowledge of the discussions.

The new funding could nearly triple Vercel’s private valuation from a financing in May last year and follows a recent growth spurt at the San Francisco startup, which competes with cloud providers such as Cloudflare and Amazon Web Services and also sells an AI-powered coding assistant. The discussions are early and it is unclear if a deal will be reached.