ex-cloudflarer: Cloudflare is undergoing a lot of big projects to break away from the image that they are "just a CDN". Raising a round now instead of going pu

ex-cloudflarer: Cloudflare is undergoing a lot of big projects to break away from the image that they are "just a CDN". Raising a round now instead of going public allows them to invest more on those projects instead of focusing on quarter to quarter results. Also, avoiding brain-drains post-IPO while they need those talents the most. Raising another round also allows them to have a higher per-share value which helps hiring. It's been a long time since the last round and the real value of Cloudflare's stock offers was higher than what the last funding round would suggest. Now it's easier to point to this round rather than just give vague promises. I do wonder how people feel about this internally though. There's a lot of expectation that the company would go public this year (and some even expected it would go public last year). Hopefully no one needs the money they put in to early exercise any time soon!