Digital infrastructure services provider Cloudflare announced a $1.25 billion Workers Launchpad Funding program to help startups grow their business.
Cloudflare has partnered 26 venture capital firms to help startups building applications on Cloudflare Workers, a serverless computing platform that allows developers to build or augment apps without configuring or maintaining infrastructure.
The venture capital firms include Altimeter Capital, Altos Ventures, Amplify Partners, Bain Capital Ventures, Bessemer Venture Partners, boldstart ventures, Cowboy Ventures, Lightspeed, Norwest Venture Partners, Threshold Ventures and others.
If selected by the participating venture capital firms, companies may receive a cash investment from these participating firms, as well as mentorship and support from Cloudflare.
Since 2017, more than 500,000 developers have built on Cloudflare’s developer platform and launched more than three million applications.