Cloudflare announces $1.25bn developer funding

Cloudflare has announced a new funding program for startups in partnership with leading venture capital investors. The Workers Launchpad Funding Program will provide up to $1.25 billion of financing to startups building applications on Cloudflare Workers, a highly scalable serverless computing platform that allows developers to build or augment apps without configuring or maintaining infrastructure.

Cloudflare is partnering with 26 venture capital firms to support developers using Cloudflare Workers to build their applications. Any private company globally that is building on Cloudflare Workers is eligible to apply for the program. If selected by the participating venture capital firms, companies may receive a cash investment from these participating firms, as well as mentorship and support from Cloudflare.

“If there’s one thing venture capitalists look for in the companies they fund, it’s the potential to achieve significant scale. Startups that build on Cloudflare Workers are building on a platform made to automatically support serious scale,” said Matthew Prince, co-founder and CEO of Cloudflare.

“While we can provide the technology, we’re thrilled to partner with some of the leading venture capital firms on the Workers Launchpad Funding Program, who will potentially invest more than a billion dollars in funding towards great startups built on Cloudflare Workers as they scale.”

Startups applying for the program will be eligible for potential investment from investors, the Cloudflare Startup Enterprise Plan — which includes Cloudflare Workers, Cloudflare for Teams, Cloudflare Stream, and additional core security and performance offerings — as well as exclusive events.

Image credit: iStock.com/Duncan_Andison