Next.JS is Getting Another $100 Million in Venture Capital Funding

Front-end developers who enjoy using the Next.JS coding framework will be interested to know that parent company Vercel recently completed a round of venture capital financing. As reported by various technology news outlets, Vercel's valuation currently stands at more than a billion dollars, which is unusual for a front-end development framework that is also an open-source project. The web development community has been largely ambivalent about this recent round of funding and the future of this coding platform.

Some developers have compared this situation to the acquisition of GitHub by Microsoft, which has been quite advantageous to global collaboration of programming projects. Others are not so keen on seeing Next.JS in the hands of venture capitalists. However, if you ask Google's Sergey Brin, then it's no surprise that this new round of venture capital investment signals that the company's developers are really invested in this kind of projects.

Sergey shared some of his thoughts on the future of the coding platform and the implications of this funding for the community in a conversation with WebSummit. How did the investment go down? The funding will go into funding and research over the next few years. There will be some new hires as well as the acquisition of a small team in Amsterdam. But nothing will happen until financiers decide how to handle this acquisition of an open-source framework.

Naturally, the venture capitalists backing Vercel will like to explore opportunities to sell the company to a technology giant such as Google, which is why we mentioned Brin earlier in this article. Google is more involved in the development of coding frameworks and programming languages than most people think. Consider the Android mobile operating system, which is not only the most popular in the world but also one of Google's most valuable assets. The technology giant wants more coders working on Android projects, and that means more than just Java apps.

You can bet that a company such as Google would take a platform such as Next.JS and turn it into a framework for the development of progressive web apps, particularly those that will work better on the Android version of Google Chrome. For more information click here https://techcrunch.com/2021/06/23/vercel-raises-102m-series-c-for-its-next-js-based-front-end-development-platform/.