Cloudflare’s Workers Launchpad Funding Program Announces Scale to $2 Billion and First Batch of Participating Startups
Program Expands to 40 Venture Capitals, 25 Startups from 10 Countries Joining Initial Cohort on Cloudflare Workers
Cloudflare, the company that helps build a better internet with security, performance and reliability, today announced the follow-up to its Workers Launchpad, a startup-funding initiative in partnership with leading venture capital investors. In just under two months, we announced that 14 partners and $750 million in investment in startups based on Cloudflare Workers, for a total of $2 billion. We will also introduce 25 companies from 10 countries as the first batch of startups participating in this program.
Matthew Prince, co-founder and CEO of Cloudflare, said, “When we first launched Workers Launchpad, we had a goal of $250 million in funding. We surpassed that goal by reaching $1.25 billion, and reaching the $2 billion mark is a huge milestone and shows the industry’s confidence in the potential of Cloudflare’s global network. With over 1 million developers building and maintaining applications on Cloudflare, there is no better opportunity to continue investing in developers who use Cloudflare. ” said.
Launched in September 2022, the “Cloudflare Workers Launchpad funding program” is a highly scalable serverless computing platform
“Cloudflare Workers” that allows developers to build and extend apps without setting up and managing infrastructure. It provides up to $1.25 billion in funding for startups building applications. Within days and weeks after the announcement, there was strong interest worldwide from venture capitalists interested in participating in this program. Cloudflare recently welcomed 14 new venture capital partners, as well as partners with regional expertise in Australia and Latin America.
New partners are:
Benhamou Global Ventures
Counterpoint Global (Morgan Stanley)
List of Venture Capital Partners
“Workers Launchpad” Fall 2022 Cohort
Cloudflare also announced 25 entrepreneurs selected from among hundreds of applicants from over 30 countries. Finalists for this cohort include Apyfy, which addresses data privacy, and Grafbase, which accelerates backend software development. The first batch of startups announced today includes startups from Belgium, Canada, France, Germany, India, the Netherlands, Portugal, Singapore, the UK and the US. This cohort will have the opportunity to solicit investments from VC partners, receive technical advice and support, attend a virtual bootcamp with sessions from Cloudflare leaders and VC partners, and showcase their business at Demo Day. .
Mia Wang, Director of M&A and Strategy at Cloudflare, said, “We were overwhelmed by the engagement and the excitement that venture capital firms had in witnessing the excellence of their applicants. The selection of the first cohort was collaborative. We are excited to connect startups and venture capital directly in the coming weeks.” [Image 3
Fall 2022 cohort (25 companies)
1 million developers use Cloudflare to build
At Developer Week 2022, it was announced that 1 million developers use Cloudflare to build and maintain enterprise-ready applications. With Workers features such as Pages, Durable Objects, R2 and D1, and application services such as rate limiting, load balancing, and bot management, Cloudflare provides tools that make it cheaper, faster, and easier for developers to build and maintain applications. It offers.
For more information, check out the resources below.
Cloudflare’s Workers Launchpad Funding Program Expands to $2 Billion, Announces First Cohort of Startups
https://www.cloudflare.com/ja-jp/press-releases/2022/workers-launchpad-grows-to-2-billion/ Announcing First Cohort of Workers Launchpad and Growth of Program to $2 Billion https://blog.cloudflare.com/en-us/launchpad-fall-22-en-en/
Workers Launchpad funding program
Please note that Cloudflare does not make funding or funding decisions and does not guarantee that any particular company will receive financing through this program. All funding decisions are made by the venture capital firms participating in the Program. Cloudflare is not a registered broker-dealer, investment advisor, or other similar intermediary.
The mission of Cloudflare, Inc.
(https://www.cloudflare.com/en-us//@cloudflare) is to help build a better Internet. Cloudflare’s platform secures and accelerates any Internet application without adding hardware, software, or code changes. Cloudflare routes all of your internet property’s traffic through its intelligent global network, getting smarter with every request. The result is significantly improved performance and reduced spam and other attacks. Cloudflare was named to Entrepreneur magazine’s Top Company Cultures 2018 and Fast Company magazine’s 2019 World’s Most Innovative Companies.
This press release contains forward-looking statements (subject to Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, as amended) that involve material risks. and uncertainty factors. Forward-looking statements include “may,” “will, will,” “should,” “expect,” “expect,” “plan to,” and “anticipate.” ‘, ‘may’, ‘intend’, ‘target’, ‘estimate’,
‘consider’, ‘think’, ‘guess’, ‘predict’, It can be identified by “potentially”, “continuing” or the negative thereof or by other similar terms or expressions relating to our expectations, strategies, plans or intentions. However, not all forward-looking statements contain such words. Forward-looking statements expressed or implied in this press release include, but are not limited to, those relating to: The benefits you derive from using Cloudflare Workers, Cloudflare’s Application Services Products, and other Cloudflare products and technologies. the performance and effectiveness of Cloudflare Workers, Cloudflare’s application service products, and other Cloudflare products and technologies; Expected functionality and performance of Cloudflare Workers, Cloudflare’s application services products, and other Cloudflare products and technologies. When new features of Cloudflare Workers, Cloudflare’s application services products, or other Cloudflare products and technologies are generally available to all current and prospective Cloudflare customers. The potential financial and other benefits of startups building applications using Cloudflare Workers, and the timing, if any, of financial and other benefits to any startup, Cloudflare technology developments, future operations, growth, initiatives or strategies. Cloudflare’s CEO and other comments. Risks detailed, including, but not limited to, in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on November 3, 2022 and in other documents we file with the SEC from time to time. actual results may differ materially from those expressed or implied in the forward-looking statements above, due to a variety of factors, including but not limited to
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