I just saw something interesting about Vercel that clearly reflects what's happening in the tech infrastructure market right now.

Guillermo Rauch, the founder of Vercel, just announced at the HumanX conference in San Francisco that the company is ready to go public. And it’s not just a passing comment; he emphasized: "The company is already ready, and every day it’s getting more so." That’s a pretty clear signal in a context where almost no one in tech dares to talk about an IPO now.

The numbers tell the story. Vercel went from annualized revenues of $100 million at the end of 2024 to $340 million in February 2026. That growth isn’t gradual; it’s exponential. And what’s the reason? The AI-generated application boom. Rauch mentions that 30% of the applications on their platform now come from AI agent deployments. That’s a number that makes you think about the magnitude of the change happening.

What I find relevant is how Vercel is positioning itself at the heart of this transformation. The company competes with giants like AWS in hosting services but has something different: the v0 tool, which is an AI-based website generator. Rauch puts it this way: "All this software needs a place, and we believe that place is Vercel." Basically, they are betting on being the infrastructure where this new wave of AI-powered applications lives.

Last September, Vercel closed a Series F funding round of $300 million led by Accel, with a valuation of $9.3 billion. That was already a sign of confidence from venture capital in their model.

What’s curious is that at this moment, when the IPO window is practically frozen for most tech startups, Vercel is signaling actively. When asked how Wall Street should understand the business, they responded: "The infrastructure market has expanded and has no ceiling." It’s a clear bet that the infrastructure space for AI applications is just the beginning.