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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.
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.
Written by Bryon Turcotte / December 18, 2013