Cloudflare Secures $150 Million

SAN FRANCISCO — Cloudflare, an Internet performance and security company, has raised $150 million in its latest round of funding, led by Franklin Templeton. The company is also announcing two appointments to its board of directors, Stan Meresman, former CFO of Silicon Graphics, and Maria Eitel, founder and co-chair of the Nike Foundation.

Cloudflare runs one of the world’s largest networks that powers more than 10 trillion requests per month, accounting for 10 percent of all Internet requests. Cloudflare protects and accelerates any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks.

Cloudflare last raised funding in 2014, closing a round of $110 million. To date, Cloudflare has raised more than $330 million from investors including New Enterprise Associates, Union Square Ventures, Venrock, Pelion Venture Partners, Greenspring Associates, 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.

Cloudflare has also continued to strengthen its board of directors with the additions of Maria Eitel and Stan Meresman. “I’m honored to welcome Maria and Stan to our board of directors,” said Matthew Prince, co-founder and CEO of 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.”

Headquartered in San Francisco, Cloudflare has offices in Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Washington, D.C., London, Munich, Beijing, Singapore, and Sydney.