CDN and Cloud Security Startup Cloudflare Raises $150M

CDN and Cloud Security Startup Cloudflare Raises $150M Image Credit: berya113/Bigstockphoto.com

Cloudflare, a startup that provides content delivery network and cloud security, announced that it raised $150 million in its latest round of funding, led by Franklin Templeton.

Cloudflare last raised funding in 2014, closing a round of $110 million. To date, Cloudflare has raised more than $330 million from investors which includes CapitalG (formerly Google Capital), Microsoft, Baidu, Qualcomm, and Fidelity.

Franklin Templeton joins these investors leading this latest round of funding, which will be used to support Cloudflare’s growth, extend product ranges, and continue its international expansion into new markets.

According to Reuters, the Company is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion. 

Matthew Prince, Co-founder and CEO, Cloudflare
Both of them bring a wealth of knowledge and experience to our board and know what it takes to propel companies forward. Our entire board looks forward to working with them as we continue to help build a better Internet.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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