Tuesday, December 17, 2013

Pelion Portfolio Firm Valued At Nearly $1 Billion In Latest Round

Salt Lake City-based venture investor Pelion Ventures looks to be having a nicely growing investment over at CloudFlare, as CloudFlare revealed today that its latest funding round valued the company at just under $1 billion. CloudFlare--which is based in San Francisco--had received its initial funding from Pelion back in 2009. CloudFlare said today that it has raised $50M in a funding round, which actually closed in 2012. CloudFlare operates a web-based service to help optimize web access and provide security and protection against things like denial-of-service attacks on web sites. More information »