Adjusting pricing, introducing annual plans, and accelerating innovation

Cloudflare is raising its prices for the first time in 12 years starting January 15, 2023. New sign-ups will be charged $25 per month for the Pro Plan and $250 per month for the Business Plan. However, existing customers who signed up before January 15, 2023, will continue to pay the old monthly price until May 14, 2023. The company is also introducing an annual payment option with discounts equivalent to the previous monthly prices. This change aims to align Cloudflare's business model with its underlying costs and accelerate network expansion and innovation.