UPDATED 23:41 EST / AUGUST 05 2015

NEWS

Content delivery network firm Fastly raises $75m Series D

Content delivery network (CDN) firm Fastly, Inc. has raised $75 million Series D in a round led by Iconiq Capital that included existing investors Amplify Partners, August Capital, Battery Ventures, IDG Ventures, and O’Reilly AlphaTech Ventures.

Founded in 2011, Fastly bills itself as the only content delivery network that gives businesses complete control over how they serve content, unprecedented access to real-time performance analytics, and the ability to cache frequently changing content at the edge.

The company claims that its secure, global network allows enterprises to increase revenue and improve customer experiences across their various websites and mobile applications while always maintaining fast, consistent, and reliable performance.

As they explained when they appeared on SiliconANGLE Media’s production hub theCUBE in November 2014 (see full interview below), for Fastly, acceleration is essential, because its value proposition is all-around speed; the company helps clients get around caching by enabling them to “instantly purge a cache in 150 milliseconds or less,” as well as making it easier for clients to achieve transparency, offering them a real-time view of streaming logs.

Fastly clients include “industry leaders” in media, eCommerce, streaming video, government, software, and finance including companies on both the Fortune 500 and Internet Retailer 500 lists, as well as companies including Business Insider, Conde Nast, iHeartMedia, Twitter, and Vimeo.

“The lack of innovation by traditional CDNs has frustrated many of our customers by holding back their ability to create faster, secure, and highly personalized user experiences,” Fastly Chief Executive Officer Artur Bergman said in a statement. “We are building a better foundation for real-time content delivery across the globe.”

Growth

Despite the fact that CDN providers are a proverbial dime-a-dozen, Fastly has carved out a strong niche for itself through offering high levels of service, resulting in an increased growth in their traffic of more than 700 percent over the past two years.

“Fastly is setting a new standard for global content delivery and consumption,” August Capital General Partner David Hornik added. “We participated in this round because it’s clear that their team is committed to building products designed for the future of online experiences.”

Including the new round, Fastly has raised $130 million to-date over five rounds.

The company said it would use the new funding to continue to develop innovative real-time content delivery solutions for its rapidly growing customer base, expand its global reach, and further its eCommerce and security expansion.

Photo by SiliconANGLE

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