The Daily Startup: CloudFlare Pulls In $110 Million for Cybersecurity

dailystartup_D_20090806101628.jpgArt by Mike Lucas

CloudFlare Inc., a global network that improves websites’ performance while protecting them from attacks by hackers, raised $110 million, Deborah Gage reports for Dow Jones VentureWire. The company, which was valued at $1 billion in December in 2012, declined to specify its new valuation. The funding comes as venture investors have poured funding into cybersecurity startups amid high-profile hacks and data breaches. Investors in CloudFlare’s round, which closed in December, included Fidelity Management, Qualcomm Ventures, Microsoft Corp., Google Capital, Greenspring Associates, New Enterprise Associates, Pelion Venture Partners, Union Square Ventures and Venrock.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Artax Biopharma Inc., one of several companies pursuing oral alternatives to injected autoimmune-disease drugs, has secured $10 million in Series B financing to launch new clinical studies for its first product. Advent Life Sciences and Henri Termeer, chief executive of Genzyme Corp., led the round, which also included A.M. Pappas and existing, individual investors.

CoverHound Inc., a comparison shopping site for insurance, has picked up $33.3 million in a Series C round of funding. The round was led by Ace Group Holdings Inc. and included existing investors.

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21 Inc. Releases First Product, a ‘Bitcoin Computer.’ Bitcoin startup 21 Inc. has launched a computer with an operating system that includes a copy of bitcoin’s code and related software so developers can more easily make bitcoin a part of the products they develop, The Wall Street Journal’s Paul Vigna reports. The company raised $116 million in funding in March from venture investors that included Andreessen Horowitz, Data Collective, Khosla Ventures, Qualcomm Inc. and RRE Ventures.

Virtual-Reality Startup Jaunt Raises $65 Million From Media Firms. Virtual-reality startup Jaunt Inc. has raised $65 million from investors that include global media firms, the WSJ’s jack Nicas reports. Investors include Walt Disney Co., Sky PLC, Axel Springer SE, ProSiebenSat.1 Media AG, China Media Capital, Evolution Media Partners and Creative Artists Agency LLC. The investment brings the total raised by the company to $100 million.

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