Cloudflare

Valuation $5B

About Cloudflare

Cloudflare is a web performance and security company that provides online services to protect and accelerate websites online.
Headquarters Cloudflare, San Francisco
Founded 2009-06-01
Industry Analytics, Enterprise Software, Security, Web Hosting
Last Funding Type Series E
Valuation 5
Total Funding $332.20 million dollars
IPO Status Public

Financial

Cloudflare reported strong financial performance in the first and second quarters of 2024, surpassing revenue forecasts and leading to a rise in stock prices. The company raised its full-year forecast following a strong quarter. Despite these positive financial results, Cloudflare's stock experienced a decline due to an underwhelming revenue outlook. Additionally, Cloudflare acquired BastionZero to enhance its Zero Trust Infrastructure Access Controls.

Cloudflare reported a wider first-quarter operating loss due to increased sales and marketing costs, leading to a 12% drop in shares. Despite beating earnings expectations with an EPS of $0.16, the company's revenue guidance only met expectations, causing further stock decline. Additionally, Cloudflare has launched a new tool to block AI bots from scraping website content and acquired BastionZero to enhance its zero-trust network access.
Funding Rounds 7
Number of Lead Investors 7
Total Funding Amount  $332.20 million dollars
Number of Investors 14

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