Cloudflare, the Internet’s Gatekeeper, is taking its relationship with the startups that use its services a step further. The platform launches the Workers Launchpad, a funding opportunity provided by twenty-six partner venture capitalists designed to fund early-stage startups. Provided they use Cloudflare’s services for their development within six months.
This premise also defines the typology of start-ups targeted by this system; mostly young companies that develop applications for business (B2B) or individuals (B2C), or that are located in the Internet of Things (IoT) sector.
54% annual growth
“This funding capability for startups should enable them to accelerate their growth and save time in the fundraising process.“, explains Boris Lecure, responsible for Cloudflare France. For its part, Cloudflare prides itself on helping startups accelerate their international growth by making their applications widely available while ensuring the cybersecurity aspect of “protecting everything connected to the internet“. After twelve years of existence, Cloudflare estimates that more than 20% of websites and applications use its services. In France, Next 40 stars are among its clients, such as Alan, Qonto, ManoMano, OpenClassrooms, BackMarket or Sorare.
Startups’ use of Cloudflare is a point of interest for investors, who are increasingly concerned about cybersecurity. Cloudflare, meanwhile, is doing cheekily, with annual revenue growth of 54% to $254 million in the latest quarter. For 2022, it is targeting $968 million to $972 million in revenue, with a growing share of large companies using its services.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.