Comment by fhub
1 year ago
They closed $250M in funding about a month ago. Feels more like new investors want a healthier balance sheet for possible IPO or just redirect cash flow - probably with the goal to dump more resources into AI (which they likely promised to do while fundraising).
source for vercel series E which AFAIK they have not announced https://x.com/ilyasu/status/1791182579837829199?s=46&t=90xQ8...