Skip to main content
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

Mistral AI reported to be raising €3 billion Series D round

Mistral AI is raising €3 billion ($3.49 billion) in a Series D round, according to Bloomberg Technology, with Samsung Electronics joining the financing. Chief Executive Arthur Mensch said the French AI company is probably still un...

Infrastructure Science
Infrastructure Science

NASA commits up to $700 million for Blue Origin Mars relay network

NASA committed up to $700 million under a firm-fixed-price contract for Blue Origin to design, develop, integrate, launch and operate a Mars communications relay network. The Mars Telecommunications Network will use Mars Telecomm...

Security
Security

N-able issues hotfix for N-central zero-day

N-able released an urgent hotfix for CVE-2026-86218, a critical unauthenticated remote-code-execution vulnerability in its N-central endpoint-management platform. The company said the flaw had been exploited as a zero-day and that...

Capital
Capital

D-Wave finalizes access to up to $100 million in CHIPS funding

D-Wave Quantum finalized a definitive agreement with the U.S. Department of Commerce providing access to up to $100 million in CHIPS and Science Act funding, following a letter of intent disclosed in May. The company says it will...

AI Capital
AI Capital

Anthropic reportedly declines Decart AI acquisition

Anthropic has decided against acquiring AI startup Decart AI, according to people familiar with the matter, Bloomberg reported. The companies may still explore other ways to collaborate, one of the people said. The report does not...

Infrastructure
Infrastructure

HCLTech opens Bengaluru semiconductor testing lab

HCLTech has opened a 40,000-square-foot advanced semiconductor lab in Bengaluru after investing Rs 185 crore, according to the company. The facility includes 25,000 square feet of Class 10K and Class 1K cleanrooms and is designed ...