Microsoft, Google, Qualcomm, Baidu invest in CloudFlare

Microsoft, Google, Qualcomm, and Baidu made a joint investment to fund internet performance and cyber security start-up CloudFlare.

In a joint statement, these companies said CloudFlare raised $110 million from this round of private financing. CloudFlare valued its business at $182 million.

The funding round was led by Fidelity Investments along with Google’s investment division Google Capital, Microsoft, Baidu and Qualcomm’s investment arm Qualcomm Ventures.

CloudFlare was launched in 2009 and currently operates in more than 30 countries and has a customer base of four million. Its content-delivery network offers services that can speed up any Internet application or websites while also protecting them from hackers’ attacks.

The company plans to use the new funding to pursue further international expansion, mobile and enterprise applications, and create large-scale networks.

CloudFlare claimed that it processed over 5 percent of all Internet requests worldwide, and mitigated over 200 billion cyberattacks for its customers in the last one month.

Last week, CloudFlare partnered with Baidu to make a global platform that will provide faster and safe internet in China. CloudFlare is already Google’s authorized Cloud Platform Technology Partner.

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