Cloudflare Acquires Outerbase To Streamline AI App Development, 'Our Goal Is To Make It Easy And Accessible For Any Developer'
Benzinga (Mon, 07-Apr 1:11 PM)
Cloudflare Inc. (NYSE:NET) shares are trading higher on Monday after acquiring Outerbase, a database tool designed with developers in mind, as part of a broader effort to simplify the creation of AI-driven applications on its cloud platform.
This acquisition is set to boost the overall experience for developers, especially those using Cloudflare Workers by making it easier to manage and connect to databases during the app-building process.
Financial terms of the deal were not disclosed. Cloudfare held $147.6 million in cash and equivalents as of December 31, 2024.
Outerbase offers accessible, easy-to-use database solutions that empower developers regardless of their SQL proficiency to build and maintain backend infrastructure.
These features will be embedded into Cloudflare’s existing products, such as Durable Objects, ...
