Cloudflare service raised $ 100 million and became the fourth among the most expensive cybersecurity projects.
A San Francisco start-up Cloudflare received $ 100 million in the next round of funding. The project works in the field of information security. Strategic investors of Cloudflare are Chinese Baidu , Google Capital , Microsoft and the manufacturer of microchips Qualcomm . The leader of the round was the corporation Fidelity . The funds raised will go to expanding influence in new markets.
Cloudflare optimizes websites, providing them with high speed and at the same time, a high degree of protection against threats such as DDoS attacks. Cloudflare is the fourth cybersecurity project to receive funding of more than $ 100 million. Prior to this, there were only three such projects in the world - Tanium , Zscaler and Crowdstrike .
CEO Matthew Prince hopes that strategic investors will help start-ups with access to new markets. Cloudflare plans to invest part of the funds received in the development of the mobile device market. Partnering with Microsoft will help the company sell services to large corporate customers. With the help of Baidu, Cloudflare expects to get cooperation with China faster, but the company does not plan to directly enter the Chinese market. The Cloudflare Alliance with Baidu is designed to help speed up the exchange of traffic through the so-called Great Chinese Firewall, which is an Internet filter between China and the rest of the world. An unusual structure called a “virtual joint venture”.
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According to Prince, the last year and a half Cloudflare has been break-even and brought a small GAAP profit, and its gross margin was 75%. Cloudflare continues to increase revenues at rates that match the best-practice companies in the SaaS industry, such as Workday or Salesforce , he said. According to analysts from PrivCo, this year, the total investment for one quarter in cybersecurity startups exceeded $ 1 billion for the first time. This appears to be taking place against the backdrop of increasing public concern about cyber attacks.
According to Prince, after 2017, Cloudflare expects to enter the IPO, reports Financial Times.
At the very beginning of September, Tanium became one of the most expensive startups on the security systems market, Megamind reported . In the last round, he raised $ 120 million. In March, according to the results of the previous round, the company's valuation was $ 1.7 billion. Now it has more than doubled to $ 3.5 billion. However, the co-founder of Tanium, Orion Hindavi, believes that venture capital investors have become "more disciplined." Now they are cautiously investing money, because they know that some start-ups “do nothing but transfer money to marketing”.
Cloudflare optimizes websites, providing them with high speed and at the same time, a high degree of protection against threats such as DDoS attacks. Cloudflare is the fourth cybersecurity project to receive funding of more than $ 100 million. Prior to this, there were only three such projects in the world - Tanium , Zscaler and Crowdstrike .
CEO Matthew Prince hopes that strategic investors will help start-ups with access to new markets. Cloudflare plans to invest part of the funds received in the development of the mobile device market. Partnering with Microsoft will help the company sell services to large corporate customers. With the help of Baidu, Cloudflare expects to get cooperation with China faster, but the company does not plan to directly enter the Chinese market. The Cloudflare Alliance with Baidu is designed to help speed up the exchange of traffic through the so-called Great Chinese Firewall, which is an Internet filter between China and the rest of the world. An unusual structure called a “virtual joint venture”.
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According to Prince, the last year and a half Cloudflare has been break-even and brought a small GAAP profit, and its gross margin was 75%. Cloudflare continues to increase revenues at rates that match the best-practice companies in the SaaS industry, such as Workday or Salesforce , he said. According to analysts from PrivCo, this year, the total investment for one quarter in cybersecurity startups exceeded $ 1 billion for the first time. This appears to be taking place against the backdrop of increasing public concern about cyber attacks.
According to Prince, after 2017, Cloudflare expects to enter the IPO, reports Financial Times.
At the very beginning of September, Tanium became one of the most expensive startups on the security systems market, Megamind reported . In the last round, he raised $ 120 million. In March, according to the results of the previous round, the company's valuation was $ 1.7 billion. Now it has more than doubled to $ 3.5 billion. However, the co-founder of Tanium, Orion Hindavi, believes that venture capital investors have become "more disciplined." Now they are cautiously investing money, because they know that some start-ups “do nothing but transfer money to marketing”.
Source: https://habr.com/ru/post/294776/
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