- General
- March 12, 2019
- 4 minutes read
Cloudflare Raises $150 Million
Cloudflare co-founder and CEO Matthew Prince Photo by Gabriella Demczuk / New America Internet security company Cloudflare has raised $150…
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| Cloudflare co-founder and CEO Matthew Prince
Photo by Gabriella Demczuk / New America
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Internet security company Cloudflare has raised $150 million in funding led by investment firm Franklin Templeton, adding two new members – former Silicon Graphics CFO Stan Meresman and Nike Foundation founder Maria Eitel – to its board in the process. The company has now raised more than $330 million in total funding.
Its backers include Microsoft, Baidu, Qualcomm, Venrock, Union Square Ventures, CapitalG, Fidelity, New Enterprise Associates and Greenspring Associates. Franklin Templeton led this round, with participation from existing backers. The San Francisco headquartered company’s current valuation is not known, but for a hint, it hit a $1 billion valuation after a $110 million round closed in 2014.
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| Cloudflare co-founder and COO Michelle Zatlyn
Photo by Anthony Harvey/Getty Images for TechCrunch
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Cloudflare has also been reported to be heading towards an IPO that could value it at more than $3.5 billion. The company notably runs one of the world’s largest networks that its says powers more than 10 trillion requests monthly. Headquartered in San Francisco, Cloudflare also has offices in the states of Texas, Illinois, New York, Washington, D.C, and UK, China, Germany, Australia and Singapore.
The two new board members are joining Cloudflare’s existing board, which includes co-founder and CEO Matthew Prince, co-founder and COO Michelle Zatlyn, Pelion Venture Managing Partner Carl Ledbette and NEA Managing Director Scott Sandell.
