Skip to main content

Share story

Capital

Vercel Acquires Egyptian-Founded Stakpak, Its Second African-Founded Startup Deal Within Days

Vercel acquires Egyptian startup Stakpak 1536x864 Image: Primary
American cloud platform Vercel has acquired Stakpak, the Egyptian-founded startup behind one of the first open-source autonomous DevOps agents, for an undisclosed sum. This is Vercel's second acquisition of an African-founded infrastructure startup within days, following the purchase of Ethiopian-founded Better Auth by developer Bereket Engida. Announcing the deal, Fahmy framed the move around what he described as Vercel's shift beyond frontend cloud services. Stakpak was founded in 2023 by George Fahmy with the stated goal of building self-driving infrastructure. The team developed an open-source agent harness, a production-ready DevOps agent, and AI-enhanced security systems, all designed to support autonomous infrastructure management. Stakpak spent close to two years bootstrapping from Cairo before raising venture capital and relocating to San Francisco. In early 2025 it closed a $500,000 round led by P1 Ventures, with participation from Digital Currency Group, 500 Global, and Instabug co-founders Moataz Soliman and Omar Gabr.
Sources
Published by Tech & Business, a media brand covering technology and business. This story was sourced from iAfrica and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

ASI raises $325 million at $3 billion valuation

ASI has raised $325 million at a $3 billion valuation, Bloomberg reported in an interview with founder and CEO Phillip Buckendorf. The company supplies AI that helps customers including the FAA and military orchestrate complex sys...

Capital
Capital

Inspired Capital closes $450 million fourth fund

Inspired Capital closed its fourth fund with $450 million in commitments, co-founder Alexa von Tobel told TechCrunch. The raise brings the New York-based early-stage firm's assets under management to nearly $1.4 billion, following...

Robotics Capital
Robotics Capital

Eka Robotics raises $150 million at $1.45 billion valuation

Eka Robotics closed a $150 million Series A led by a16z and F-Prime, valuing the startup at $1.45 billion post-money, TechCrunch reported. Founded by Pulkit Agrawal and Tuomas Haarnoja, Eka combines a force-sensitive gripper with ...

Capital
Capital

Mural raises $15 million for international payments platform

Mural announced a completed $15 million Series A funding round led by Tether, with North Island Ventures participating. The financing brings the New York payments startup's total funding to $28 million. The company plans to impro...