March 13, 2019

Cloudflare raises USD 150 million ahead of rumoured IPO

The investment is aimed towards growth across different markets as Cloudflare plan to raise their valuation to USD 3.5 billion.

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DDoS and CDN (Content Delivery Network) provider Cloudflare have raised a Series E round of funding worth USD 150 million from Franklin Templeton. With this investment, Cloudflare say that they will be focusing their efforts towards expanding their product portfolio and offerings across global markets.

According to Cloudflare, enterprises are looking to secure their hosting environments from viruses and DDoS attacks. They also say that along with protection and privacy, speed is important when it comes to hosting a website.

By raising another round of funding, Cloudflare say that they can boost their growth story across global markets and expand their product portfolio. They believe that with this investment, Cloudflare will be able to touch a valuation of USD 3.5 billion before they consider an IPO.

As per industry reports and market analysts, Cloudflare were all set to go public in early 2019 but with this deal, chances are that the IPO might get delayed by a few months. Analysts further added that till now, the DDoS mitigator, has had some big names such as Google Capital, Baidu and Microsoft as investors.

With this picture in mind, we believe that Cloudflare are in a situation where they can choose or decide when they want to go with the IPO offering or not. It will be interesting to see how the events unfold for Cloudflare and other CDN providers, following the launch of Cloudflare’s domain registration service.

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