Cloudflare Gains $150 Million

Internet performance and security company Cloudflare raised $150 million in its latest round of funding, led by Franklin Templeton. The company also announced two appointments to its board of directors: Stan Meresman, former CFO of Silicon Graphics, and Maria Eitel, founder and co-chair of the Nike Foundation.

To date, Cloudflare has raised $330 million from investors including New Enterprise Associates, Union Square Ventures, Venrock, Pelion Venture Partners, Greenspring Associates, CapitalG (formerly Google Capital), Microsoft, Baidu, Qualcomm, and Fidelity. The company plans to use this latest round of funding to extend its product ranges and continue its international expansion into new markets.