Cloudflare Raises $150 Million, Probably Delaying Rumored IPO

Global CDN technology company Cloudflare raised $150 million in its latest round of funding, led by Franklin Templeton. This new funding round for Cloudflare likely delays the initial public offering (IPO) it had planned for the first half of 2019. The $150 million in funding would give Cloudflare some extra time to strengthen its balance sheet before hitting the stock market. Cloudflare last raised funding in 2014, closing a round of $110 million. To date,…

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