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Cloudflare, VCs to Invest $1.25B in Startups

Cloudflare and 26 venture capital firms have teamed up to dish out as much as $1.25 billion in financing for startups using the San Francisco-based internet infrastructure vendor’s platform. So reports BankInfoSecurity.

cloudflareAlex Dyner, senior vice president of special projects at Cloudflare, said the Workers Launchpad Funding Program will help developers worldwide scale up sooner.

Each participating VC firm has reportedly pledged up to $50 million.

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