CloudFlare's new funding round likely means that it doesn't plan on going public any time soon.
, a startup that quietly powers much of the modern internet, has raised another $150 million in a funding round led by Franklin Templeton.CloudFlare also added Nike Foundation co-chair Maria Eitel and veteran tech exec Stan Meresman to its board of directors.
— is off, or at least postponed, as the company now has the capital to stay private a little bit longer. The company says the money will go into international growth, hiring, and developing new products. Along with the funding, CloudFlare also announced that Nike Foundation co-chair Maria Eitel and veteran tech exec Stan Meresman have joined its board of directors.
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