Cloudflare Raises $1.25B in Convertible Note

Cloudflare has successfully raised $1.25B in a Convertible Note at a $32B valuation led by Venrock, Pelion Venture Partners, NEA, Fidelity, Franklin Templeton, Google Capital.

Company Overview

Cloudflare is a Cloud Infrastructure company headquartered in 101 Townsend Street, San Francisco, CA 94107, founded in 2009 with 3500+ employees.

Web infrastructure and security

Fundraising Details

Amount Raised: $1.25B
Round Type: Convertible Note
Valuation: $32B
Date: 2024-09-11
Investors: Venrock, Pelion Venture Partners, NEA, Fidelity, Franklin Templeton, Google Capital

About Cloudflare

Web infrastructure and security The company is positioned in the Cloud Infrastructure sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 101 Townsend Street, San Francisco, CA 94107
Founded: 2009
Team Size: 3500+
Industry: Cloud Infrastructure

What This Means

This funding round demonstrates strong investor confidence in Cloudflare's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cloud Infrastructure sector continues to attract significant investment as companies innovate to meet evolving market demands. Cloudflare's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $32B valuation marks an important milestone for Cloudflare, positioning the company among notable players in the Cloud Infrastructure industry.

Looking Ahead

With this new capital, Cloudflare is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cloud Infrastructure space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-11. For more information about Cloudflare, visit their headquarters at 101 Townsend Street, San Francisco, CA 94107.