Cloudflare
“Can the internet's connectivity and security layer become the payments rail for AI agents?”
Founded2009
HQSan Francisco, California, United States
FoundersMatthew Prince, Michelle Zatlyn, Lee Holloway
Total raised$182.1M (pre-IPO)
Latest roundIPO September 2019 (NYSE: NET)
IndustryInfrastructure / Internet security & CDN
The story
Founded 2009 as a web performance and security company, Cloudflare grew into a foundational internet infrastructure provider (CDN, DDoS, DNS, Zero Trust) and IPO'd in 2019. In 2026 Cloudflare began rolling out a stablecoin wallet aimed at AI agents paying for APIs and online content — an embedded-finance play tightly coupled to its core AI Gateway / developer platform positioning rather than a broad fintech pivot.
Product timeline
2010
Cloudflare launches publicly at TechCrunch Disrupt.· launch
2019
IPO on NYSE under ticker NET.· ipo
2026
Cloudflare kicks off stablecoin wallet rollout enabling AI agents to pay for APIs and online content.· crypto
The stack
0 layers disclosed in Cloudflare’s embedded-finance stack
Accounting gap: none