It's an obvious partnership because Void Cloud was built on Cloudflare anyway, so having Cloudflare buying them directly just means that both companies don't need to carve out their own margin. Cloudflare is also happy to fund the work on Vite, Oxc, et al. while also having a more direct answer for Vercel and Next.js.
With all that said, I don't think we can extrapolate that their business wasn't doing well or that they couldn't have raised more money. Cloudflare probably just offered a good enough deal that it didn't make sense to try to grind it out.
What I really mean is that when M&A happens, it seems like a lot of people think the acquirer is the only one with any agency, and that's not true at all.
With all that said, I don't think we can extrapolate that their business wasn't doing well or that they couldn't have raised more money. Cloudflare probably just offered a good enough deal that it didn't make sense to try to grind it out.
What I really mean is that when M&A happens, it seems like a lot of people think the acquirer is the only one with any agency, and that's not true at all.