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.