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CA Security Firm Gets Expansion Funding

by: Bryon Turcotte  /  December 18, 2013

The San Francisco-based website optimization and security company, Cloudflare, announced in a statement Tuesday that a round of $50 million in funding has allowed them to expand their services internationally and will "_quadruple its network capacity across 23 data centers around the world_", according to a recent article published by The Web Host Industry Review. The article indicates that this round of funding – that "_quietly closed a year ago_" – has to lead the company to surpass "1.5 million customers" and enable it to open an engineering branch in England.

According to the report, the firm has plans for further expansion, eyeing to gain data center locations in Latin America, the Middle East, Africa, and China in 2014.

The co-founder and CEO of Cloudflare, Matthew Prince, was quoted in the article saying, "_The web is about to turn 25 years old, and it's beginning to show its age. Whether you're building a traditional website, a complex online application, or the next great mobile app, you need to be backed by a fast, secure network._" Prince added that his company has built a "_next generation network and is democratizing the resources that were previously available only to the Internet giants._" The article indicates that CloudFlare's customer count saw a substantial "_increase in year-over-year revenues_" in 2013 as it birthed partnerships with multiple web hosting providers.

Read about CloudFlare's continued plans for expansion and how this will impact the marketplace in the original article at The Web Host Industry Review website.

Written by Bryon Turcotte  /  December 18, 2013