Cloudfare Announces $1.25B Funding Program to Help Startups 

Cloudflare, Inc., the security, performance, and reliability company, announced The Workers Launchpad Funding Program for startups in partnership with venture capital investors that have collectively offered to invest up to $1.25 billion to startups building applications on Cloudflare Workers, a serverless computing platform.

Any private company 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.

“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.

Cloudflare notes that startups can scale so fast using the platform that it bought one last year: Zaraz, a startup that promises to speed up website performance with a single line of code.

The company says 20% of its contracted customers use Cloudflare Workers and is on track to have more than one million developers using the platform by the end of this year.