Cloudflare, Inc. (NYSE: NET), a connectivity cloud powerhouse, continues its remarkable trajectory with its second consecutive inclusion in the Fortune Future 50 list, securing the fourteenth spot among the world’s most forward-thinking companies in 2024. This accolade underscores the company’s pivotal role in shaping the Internet’s future, further cemented by its groundbreaking contributions this year. Notably, Cloudflare thwarted an average of 165 billion cyber threats daily in Q3 alone and mitigated the largest Distributed Denial-of-Service (DDoS) attack ever recorded. In the face of an increasingly AI-driven digital landscape, the company also introduced tools enabling website operators to control the usage of their content by AI bots. Furthermore, its efforts in securing critical infrastructures for U.S. presidential campaigns and local governments highlighted its impact on global cybersecurity.
Cloudflare’s mission to build a better Internet is propelled by its vast network, through which approximately 20% of global web traffic flows, encompassing not just websites but also mobile apps, APIs, AI workflows, and corporate networks. The company serves millions of customers worldwide, including over 221,000 paying customers, among which 35% are Fortune 500 companies. Its ability to consistently expand its product offerings has driven its penetration into adjacent markets, with a projected increase in its total addressable market from $176 billion in 2024 to $222 billion by 2027.
The Fortune Future 50 index, developed by Fortune in collaboration with Boston Consulting Group, is a rigorous ranking based on the long-term growth potential of companies worldwide. Analyzing nearly 3,000 global firms, the index evaluates businesses based on their strategies, technological advancements, talent cultivation, and cultural dynamics. Cloudflare’s repeated recognition reflects its robust ability to navigate these dimensions while innovating to meet modern challenges.
Complementing its inclusion in the Fortune Future 50, Cloudflare’s achievements in 2024 have been recognized through numerous industry and editorial awards. These include prestigious honors such as Fortune Change the World 2024, Fast Company Most Innovative Companies 2024, and Newsweek Top 100 Most Loved Workplaces 2024. Cloudflare’s inclusion in diverse accolades, from technological innovation to workplace culture, underscores its versatility as a global leader.
Cloudflare’s visionary leadership, spearheaded by Co-founder and CEO Matthew Prince, reflects a commitment to not only adapt to but also shape the evolving demands of the digital era. Prince highlighted how 2024’s rapid technological changes—spanning elections and AI growth—have elevated the reliance on the Internet, and he celebrated his team’s unwavering dedication to solving complex challenges for customers. As Cloudflare continues to push boundaries, its connectivity cloud framework and strategic foresight ensure its place as a cornerstone of the Internet’s future.
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