Cloud security company CloudFlare valued at $1 billion

Beijing Time April 18 news, according to foreign media reports, the source said in Tuesday, the headquarters of the San Francisco cloud security company CloudFlare is currently preparing for a new round of financing, the round of CloudFlare valuation reached about 1 billion U.S. dollars.

The source said that CloudFlare had been in negotiations with financiers for at least 3-4 months, and that at least one company was ready to invest in CloudFlare at more than $1 billion, but several companies had abandoned investments in cloudflare because of overvalued valuations.

CloudFlare said the company is not in a hurry to raise capital because the vast majority of the $20 million trillion in the last round of funding remains in the bank. "CloudFlare's team is working on some of the toughest challenges on the internet," said Matthew Prince, chief executive of CloudFlare. Our goal is to build a faster, safer, smarter network. Fortunately, we do not need to raise funds at the moment, nor do we have any immediate financing plans. ”

CloudFlare is the third anti-spam innovation company that Mr Prince founded. Mr Prince has a master of Business Administration (MBA) diploma, as well as educational background in law and computer science.

CloudFlare provides network security services for Web sites. The site administrator can point the site's domain name server to CloudFlare instead of the host service provider. This simple change allows the site to respond to common hacker attacks and better protect against distributed denial of service (DDoS) attacks.