Investment to Expand World-Class Team and Infrastructure
SAN FRANCISCO, CA--(Marketwire - Jul 12, 2011) - CloudFlare, the web performance and security company, announced today that it has raised $20 million in funding led by New Enterprise Associates (NEA). Existing investors, Venrock and Pelion Venture Partners, also participated in the Series B funding round. The company will use the financing to continue to build its world-class team and expand its infrastructure to fulfill CloudFlare's goal of making the Internet faster and safer for everyone.
"CloudFlare is in a unique position to transform the online experience for users around the world with the rapid and widespread adoption of its platform," said Scott Sandell, General Partner with NEA who joined CloudFlare's Board of Directors. "They have built what is effectively an Operating System for the Internet, and they are already demonstrating that their technology can have a meaningful positive impact every day on hundreds of millions of people using the web."
CloudFlare's growth has been nothing short of staggering since its public launch in September 2010. Today, the service powers 7 billion page views per month, an increase of 280 percent in just the last 60 days. More than 10 percent of the Internet's users worldwide passed through CloudFlare's network in the last month. CloudFlare has stopped 2.1 billion attacks against its users' websites, while legitimate visitors to those sites have collectively saved 2,000 years worth of time they would have otherwise spent waiting for pages to load.
"CloudFlare now has the team, technology, investors and resources to realize our vision of powering a faster, safer Internet," said Matthew Prince, CEO and co-founder of CloudFlare.
With 12 data centers worldwide, CloudFlare has built an intelligent, global network that automatically optimizes the delivery of web pages so visitors get the fastest page load times and best performance. CloudFlare also stops threats and limits abusive bots and crawlers from wasting bandwidth and server resources. CloudFlare's proprietary technology automatically detects and shares information about attacks across the community. This means that as the community of users grows, the network gets smarter and the level of protection and performance provided rises.
CloudFlare, Inc. (www.cloudflare.com / @cloudflare) makes sites twice as fast, protects them from attacks, ensures they are always online, and makes it simple to add web apps with a single click. CloudFlare supercharges websites regardless of size or platform with no need to add hardware, install software, or change a line of code. The CloudFlare community gets stronger as it grows; every new site makes the network smarter and faster. Thanks to our awesome sauce technology, hundreds of millions of people experience a faster, safer, better Internet. CloudFlare is based in San Francisco, California.
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 165 portfolio company IPOs and more than 280 acquisitions, including investments in technology leaders like Data Domain, CareerBuilder, Diapers.com, Groupon, Juniper, Macromedia, Playdom, Salesforce.com, and TiVo. In the U.S., NEA has two offices in the Washington, D.C. metropolitan area and one in Menlo Park, California. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.
Venrock is a leading venture capital firm with offices in Palo Alto, CA; New York, NY; and Cambridge, MA. Originally established as the venture capital arm of the Rockefeller family, Venrock continues an eight-decade tradition of partnering with entrepreneurs to establish successful, enduring companies. With a primary focus on technology, healthcare, and energy, portfolio companies have included Adify, Adnexus Therapeutics, Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Gilead Sciences, Idec Pharmaceuticals, Illumina, Intel, Millennium Pharmaceuticals, Sirna Therapeutics, StrataCom, and Vontu. For more information, please visit Venrock's website at www.venrock.com and follow the firm on Twitter at @venrock.
Since 1986, Pelion Venture Partners has been helping entrepreneurs turn early-stage concepts into tomorrow's industry-leading companies. The Pelion team is hands-on in its approach and works collaboratively on each portfolio company over the life of an investment. Pelion Ventures has invested in 91 companies over the last 25 years, resulting in 14 IPOs and 34 M&As. In addition to CloudFlare, Pelion oversees investments in a range of enterprise software, healthcare, information technology and security firms. Current and previous portfolio companies include: Riverbed Technologies, Red Hat, Fusion-io, MXLogic, Carefx, Angioscore, Conviva, Mojiva and Soasta. For additional information, visit www.pelionvp.com.
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