Company Research Report: Cloudflare, Inc.

Company Overview

• Name: Cloudflare, Inc.

• Mission: Cloudflare’s mission is to help build a better Internet by providing security, performance, and reliability services to protect and accelerate any Internet application without adding hardware, installing software, or changing a line of code.

• Founded: 2009, by Matthew Prince, Lee Holloway, and Michelle Zatlyn

• Key People:

• Matthew Prince (Co-founder, CEO)

• Michelle Zatlyn (Co-founder, President & COO)

• Mark Anderson (President)

• Headquarters: San Francisco, California, USA

• Number of Employees: Approximately 3,000 as of 2023

• Revenue: $975.2 million in 2022

• Known For: Cloudflare is renowned for its network infrastructure which delivers enterprise-grade security, reliability, and performance to its clients, including features like DDoS protection, firewall, secure internet access, and more.

Products

Cloudflare offers a variety of products aimed at enhancing the security, performance, and reliability of internet applications:

1. Security Services

• Description: Provides protection against cyber threats such as DDoS attacks, application vulnerabilities, and unauthorized access.

• Key Features:

• DDoS Protection

• Web Application Firewall

• Bot Management

• SSL Encryption

2. Performance Services

• Description: Enhances website and application loading speed, optimizes resource delivery.

• Key Features:

• Content Delivery Network (CDN)

• Load Balancing

• Railgun compression

• Cloudflare Workers for serverless applications

3. Reliability Services

• Description: Ensures continuous service uptime and network reliability.

• Key Features:

• Global Anycast Network

• Always Online™ for maintaining website availability

• DNS services

4. Zero Trust Services

• Description: Provides secure access to applications and data based on identity and zero-trust principles.

• Key Features:

• Cloudflare Access

• Magic WAN for secure, premium connectivity

• Zero Trust Network Access (ZTNA)

Recent Developments

Recent Acquisitions

• Kivera Acquisition:

• Cloudflare acquired Kivera to integrate simpler, preventative cloud security into its SASE (Secure Access Service Edge) platform.

• BastionZero Acquisition:

• Acquired BastionZero to enhance Zero Trust infrastructure access capabilities within its SASE platform.

New Partnerships

• U.S. Ski & Snowboard Partnership:

• Cloudflare is a strategic partner and sponsor, indicating a focus on supporting organizations in need of robust cybersecurity solutions.

Product Developments

• 2024 Product Enhancements:

• New features focusing on phishing prevention as highlighted in various reports addressing cyber security threats in 2024.

• Improvements in AI security deployment strategies as outlined by CSO, Grant Bourzikas.

Reports and Publications

• 2024 ESG Report: Discusses considerations for implementing Zero Trust for workforce security.

• 2024 Global Security Brief: Explores key trends affecting today's cyber threat landscape.

• Recognition in Analyst Reports:

• Featured in Gartner® Magic Quadrant™ for Single-Vendor SASE.

• Strong performance noted in The Forrester Wave™ for Bot Management Software.

Conclusion

Cloudflare remains a pivotal player in the web performance and security industry, demonstrating consistent growth and innovation through strategic acquisitions, partnerships, and continuous product enhancements. They have a robust portfolio of services that address modern IT and security challenges, aiming to maintain their mission of improving Internet performance and security on a global scale.