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CloudFlare obtains $150M in latest funding round

Internet performance and security company CloudFlare Inc. collected $150 million in its newest financing round led by Franklin Resources Inc., which does business as Franklin Templeton.

CloudFlare, which raised $110 million in 2014, said it will use the new capital to aid in its growth, to increase its product offerings and to advance its new global markets expansion.

It also named former Silicon Graphics CFO Stan Meresman and Nike Foundation founder and co-chair Maria Eitel as board members.