BUSINESS

Cloudflare's Workers Launchpad funding programme grows to US$2 bln

21/11/2022 01:46 PM

KUALA LUMPUR, Nov 21 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, announced that the Workers Launchpad funding programme has grown to US$2 billion for potential investment in startups building on Cloudflare Workers. (US$1=RM4.578)

This shows an increase of 14 partners and US$750 million in less than two months, according to a statement.

The Cloudflare Workers Launchpad funding programme initially launched in September 2022 to provide up to US$1.25 billion of financing to startups building applications on Cloudflare Workers, a highly-scalable serverless computing platform allowing developers to build or augment apps without configuring or maintaining infrastructure. 

In the days and weeks following, Cloudflare received a surge in interest globally from venture capitalists interested in joining the programme.

Cloudflare now welcomed 14 additional venture capital (VC) partners into the programme, adding regional expertise in Australia and Latin America to the pool of partners which include 8VC, AirTree, Alumni Ventures, B Capital, and Chamaeleon.

Additionally, Cloudflare is announcing the Fall 2022 cohort of 25 entrepreneurs from around the world, chosen from hundreds of applicants from over 30 countries. Cohort finalists include Apyfy, working on data privacy, and Grafbase, accelerating backend software development.

The cohort includes startups from Belgium, Canada, France, Germany, India, Netherlands, Portugal, Singapore, the United Kingdom, and the United States. 

The cohort will have the opportunity to pitch VC partners for investment, receive technical advice and support, participate in a virtual boot camp featuring sessions led by Cloudflare leaders and VC partners, and showcase their businesses during Demo Day.

-- BERNAMA


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