Cloudflare Unveils $1.25 Billion Fund to Support Startups, Partners 26 VC Firms
New Delhi: Digital infrastructure services provider Cloudflare on Tuesday announced a $1.25 billion ‘Workers Launchpad Funding’ program to help startups grow their businesses.
The company partnered with 26 leading venture capital firms to help startups build applications on Cloudflare Workers, a highly scalable serverless computing platform that allows developers to build apps without building or maintaining infrastructure. Allows to expand.
“While we can provide the technology, we’re thrilled to partner with some of the leading venture capital firms on the Workers LaunchPad funding program, one of the funds for potentially great startups built on Cloudflare Workers. will invest more than billion dollars as they scale, said Cloudflare co-founder and CEO Matthew Prince.
Venture capital firms include Altimeter Capital, Altos Ventures, Amplify Partners, Bain Capital Ventures, Bessemer Venture Partners, Boldstart Ventures, Cowboy Ventures, Lightspeed, Norwest Venture Partners, Threshold Ventures and others.
If selected by participating venture capital firms, companies can receive cash investment from those participating firms as well as guidance and support from Cloudflare.
With Cloudflare’s network spanning more than 275 cities in more than 100 countries around the world, developers can deploy code closer to their customers, bringing Cloudflare’s speed, performance and scale to their customers.
As of 2017, more than 500,000 developers have built on Cloudflare’s developer platform and launched more than three million applications.
“We look forward to enabling a new class of local companies to edge workers, and we’re excited to invest in these companies,” said Renee Shah, partner at Amplify Partners.
Bain Capital Ventures Partner Enrique Salem added that Cloudflare has built a platform that simplifies the development experience while maintaining cost-effectiveness to help empower startups and entrepreneurs, both large and small. could