HomeIndices AnalysisReplicate (NYSE: NET) to Join Cloudflare in Acquisition Deal

Replicate (NYSE: NET) to Join Cloudflare in Acquisition Deal

Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, has announced its agreement to acquire Replicate, an AI platform, in a move that will enhance the company’s ability to deploy and run AI models for its millions of global users. The acquisition, expected to close within the next two months, will enable Cloudflare to make its Workers platform the premier end-to-end solution for building and running scalable, fast, and reliable AI applications.

“AI has evolved from a niche tool to a widely-used technology that developers of all levels want to incorporate into their work,” said Matthew Prince, co-founder and CEO of Cloudflare. “However, the complexity of running and scaling AI models has made it difficult for many developers to access these tools. Our acquisition of Replicate will change that, making it possible for developers to access any model globally with just one line of code.”

Replicate has built a platform and marketplace that simplifies the deployment and access of AI models, eliminating the need for specific hardware and infrastructure. With over 50,000 production-ready models, Replicate has created one of the industry’s largest and most vibrant catalogs, along with a thriving developer community. This acquisition will make Replicate’s catalog available to Cloudflare Workers AI users, providing them with a seamless and efficient way to build serverless applications.

“We founded Replicate with the mission of making AI development more accessible and user-friendly,” said Ben Firshman, co-founder and CEO of Replicate. “By joining forces with Cloudflare, we can leverage their global network to create a platform where developers can easily build and deploy cutting-edge AI applications.”

In addition to expanding its model catalog, Cloudflare’s acquisition of Replicate will also accelerate the development of new capabilities for its Workers AI platform. This includes the ability to run custom models and pipelines, as well as improved AI deployment capabilities.

Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company, dedicated to building a better internet for organizations worldwide. With its full-featured, unified platform of cloud-native products and developer tools, Cloudflare empowers organizations to make their employees, applications, and networks faster and more secure. Trusted by millions of organizations, Cloudflare’s connectivity cloud is powered by one of the world’s largest and most interconnected networks, blocking billions of online threats daily.

This press release contains forward-looking statements within the meaning of Sections 27A and 21E of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements involve substantial risks and uncertainties and are subject to change based on various factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC). Actual results may differ materially from those stated or implied in the forward-looking statements, and Cloudflare undertakes no obligation to update these statements to reflect events or circumstances after the date of this press release.

For more information about Cloudflare and its acquisition of Replicate, please visit the links below:

Blog: Replicate is joining Cloudflare

About Cloudflare

About Replicate

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