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Vercel Changelog

2 dated changes to Vercel that we have logged and sourced, newest first — pricing moves, launches, deprecations and incidents. The most recent is 2025-05-01.

Everything that has changed

  1. Funding

    Vercel raises a Series F at a reported $9.3B

    A roughly $300M round valued Vercel near $9.3 billion, on the back of the AI SDK and v0 rather than hosting alone. The strategic read for anyone choosing a host: Vercel's growth story is now AI tooling, and hosting revenue increasingly funds it. That is not an argument for cheaper bandwidth.SourceLogged in the vercel alternatives comparison
  2. Pricing

    Vercel ships Fluid compute

    Fluid compute replaced one-request-per-instance serverless with a model that reuses warm instances across concurrent requests, and brought Active CPU pricing with it: you are billed for CPU actually consumed rather than wall-clock invocation time. It made I/O-bound Next.js apps markedly cheaper and made the invoice markedly harder to predict in advance.SourceLogged in the vercel alternatives comparison

How this changelog is kept

Events are written by hand and dated to the day the change took effect, not the day we noticed. Each one names the tools it affects, so a shared change — a cloud provider raising egress prices across four products — appears on every profile it touches rather than being duplicated four times.

Everything here also flows into the site-wide changelog, which is the cross-tool feed of what is moving in developer infrastructure pricing.