# CloudFlare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudflare

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.cloudflare.com
- Total disclosed funding: $332M
- Latest round: Series D (Mar 12, 2019)
- Investors on record: 11

## About

Cloudflare, Inc. is a global technology company that provides internet security and performance services, helping businesses secure their applications and improve connectivity through a comprehensive suite of solutions.Founded in 2009 by Andrei ?tefanuca, Erwin van der Koogh, and Matthew Prince, Cloudflare, Inc. specializes in enhancing online security and performance. The company is headquartered in San Francisco, US, and has undergone strategic pivots to expand its service offerings. In its latest funding round, the company raised USD 525.00 mn through an IPO, bringing its total amount raised to USD 525.00 mn.Cloudflare offers a comprehensive suite of products designed to enhance online security, performance, and connectivity for businesses and developers. Central to its offerings is the Connectivity Cloud, which encompasses over 60 services including application security, networking, and performance solutions that seamlessly integrate into a unified platform. These products aim to address critical challenges such as modernizing applications, securing corporate networks against cyber threats, and ensuring high performance and availability of web services. Key services include Zero Trust Network Access, Secure Web Gateways, and the Web Application Firewall (WAF), which serve a diverse clientele across various industries such as healthcare, banking, retail, and gaming. Geographically, Cloudflare's solutions are deployed globally, with significant penetration in markets including North America, Europe, and Asia, effectively serving enterprises looking to secure and accelerate their digital infrastructure.In the most recent year of 2024, Cloudflare reported a revenue of USD 1,669.63 mn and an EBITDA of USD 54.74 mn. The company's revenue model is primarily subscription-based, facilitating regular income through various pricing tiers tailored to different customer needs. Clients engage in long-term partnerships, opting for plans that range from basic offerings for small businesses to advanced solutions for large enterprises.Cloudflare is focused on introducing new products designed to address evolving cybersecurity challenges, with several innovations slated for release in the coming year. The company is also planning to expand into additional markets in Asia and Europe by 2025. The proceeds from the recent IPO will support these initiatives and enhance Cloudflare's capacity to deliver advanced services to its growing client base.

## Funding rounds

- Series D, Mar 12, 2019, $150M — Franklin Templeton
- Series D, Jun 19, 2015, $110M — New Enterprise Associates, Greenspring Associates, Pelion Venture Partners, Venrock, Microsoft, Union Square Ventures, Fidelity Investments, Qualcomm Ventures, Baidu, CapitalG
- Series C, Dec 31, 2012, $50M — New Enterprise Associates, Greenspring Associates, Pelion Venture Partners, Venrock, Union Square Ventures
- Series B, Jul 12, 2011, $20M — New Enterprise Associates, Pelion Venture Partners, Venrock
- Series A, Nov 10, 2009, $2M — Pelion Venture Partners, Venrock

## Investors

- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A, Series B, Series C, Series D
- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series C, Series D
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series C, Series D
- Microsoft — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series D
- Baidu — Series D
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series D
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series D