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SAN FRANCISCO - Cloudflare, Inc. (NYSE:NET), a technology company with a market capitalization of nearly $80 billion and currently trading near its 52-week high, announced Tuesday an expansion of its Project Galileo initiative to help nonprofits and independent media organizations monitor and control how artificial intelligence services access their website content. According to InvestingPro data, the company has shown impressive growth with revenue increasing by 27% over the last twelve months.
The expanded program will provide free access to Cloudflare’s Bot Management and AI Crawl Control services for the 750 journalists, independent news organizations, and nonprofits currently participating in Project Galileo. The company’s strong financial position, with a current ratio of 5.14, indicates robust capability to support such initiatives while maintaining operational efficiency.
The move comes as local news outlets and nonprofits face challenges in the evolving AI landscape, where readers increasingly obtain information through AI models rather than visiting original source websites. This shift threatens both the revenue streams and visibility of these organizations.
"I believe in journalism, and I believe that the health of local, independent news is essential for a healthy Internet and a healthy society," said Matthew Prince, co-founder and CEO of Cloudflare.
Project Galileo, launched in 2014, initially focused on protecting vulnerable online voices from cyber threats. The expansion aims to give smaller organizations the same tools that Cloudflare previously made available to larger publishers for monitoring AI crawler access.
Meera Selva, CEO of Internews Europe, described the initiative as "a lifeline" for independent media navigating digital disruption, while Ryan Powell of the International Press Institute noted that monitoring and monetizing site crawling could help media protect intellectual property while developing new revenue streams.
The company stated it is also committed to expanding access to AI tools for nonprofits and public interest organizations to help them modernize their operations.
The announcement was made in a press release issued by Cloudflare, which describes itself as "the leading connectivity cloud company."
In other recent news, Cloudflare Inc. reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $0.21, exceeding forecasts of $0.18, and generated revenue of $512.3 million, above the anticipated $501.21 million. As a result of these positive earnings, Citizens JMP raised Cloudflare’s stock price target to $250 from $225, maintaining a Market Outperform rating. Additionally, Stifel reiterated its Buy rating with a $230 price target following discussions with Cloudflare’s CEO at the 2025 Tech Executive Summit.
Cloudflare has also announced its integration as the first Cloud Access Security Broker with major AI platforms like ChatGPT Enterprise, Claude by Anthropic, and Google Gemini. This integration aims to enhance business control and visibility over AI use in the workplace. The company further introduced new AI security features to its Zero Trust platform, enabling organizations to monitor AI usage while maintaining security standards. These developments reflect Cloudflare’s ongoing efforts to expand its capabilities and market reach.
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