Cloudflare Announces $1.25 Billion Launchpad Funding Program to Help Startups

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Cloudflare Inc, a security, performance and reliability company that helps build a better Internet, announced a new funding program for startups in partnership with leading venture capitalists. The Launchpad Workers Funding Program will provide up to $1.25 billion in funding to startups building applications on Cloudflare Workers, a scalable serverless computing platform that enables developers to build or augment applications without configure or maintain infrastructure applications.

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Any private company that relies on Cloudflare Workers globally is eligible to apply for the program. If selected by participating venture capital firms, companies can receive cash investment from those participating firms, as well as mentorship and support from Cloudflare.

“If there’s one thing venture capitalists look for in the companies they fund, it’s the potential to achieve significant scale. Startups that rely on Cloudflare Workers rely on a platform designed to automatically support serious scale. we are excited to partner with some of the leading venture capitalists in the Workers Launchpad Funding Program, who will potentially invest over $1 billion in funding large startups built on Cloudflare Workers at as they evolve,” said Matthew Prince, co-founder and CEO, Cloudflare.

With Cloudflare’s network spanning over 275 cities in over 100 countries around the world, developers can deploy code close to their users, bringing the speed, performance, and scale of Cloudflare to their customers. Since 2017, more than five lakh developers have built on Cloudflare’s development platform and launched more than three million apps, the company claimed in a statement.

Cloudflare Inc is on a mission to help build a better Internet. The company’s suite of products protects and accelerates any online Internet application without adding hardware, installing software or changing a line of code.

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