CloudFlare with $110 Million Round Hints IPO Next Year

CloudFlare has announced a $110 million round led by Fidelity Investments and according to experts whenever a big round is led by a public market investor like Fidelity, it’s like firing off a flare that the IPO moment is coming!

On stageat TechCrunch Disrupt, Michelle Zatlyn, CloudFlare’s head of customer experience, told TechCrunch’s Frederic Lardinois the company definitely won’t be IPOing this year, but she did give hints that it’s out there on the horizon.

Justl like most of the other companies, CloudFlare wouldn’t commit to an exact trigger moment and the balanced act shows it at least!

SAN FRANCISCO, CALIF. - SEPT 29, 2010 TechCrunch Disrupt Startup Battlefield Final Round: CloudFlare Expert Judges: Marissa Mayer (Google), Ron Conway (SV Angel), Roelof Botha (Sequoia Capital), Jason Goldman (Twitter) Photo by Max Whittaker

CEO Matthew Prince would only say that it was something they are working towards. “We think we are on the track to be independent stand-alone public company,” he said.

Did you know that CloudFlare launched five years ago as a Disrupt Battlefield participant? Well, it came close to winning, but couldn’t just make it.

Today, the company is not just limited to a specific market and has also recently made a significant deal in China with Baidu and according to the CEO, CloudFlare gets 50 percent of its business from larger customers.

 

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