Fastly raises $ 50 million to boost its content delivery network

by bold-lichterman

  • Fastly has developed a real-time content delivery network based on SSD technology.
  • According to MarketsandMarkets, the CDN (Content Delivery Network) market is currently around $ 6 billion.

The amount

The Californian start-up Fastly, which operates a content delivery network (CDN), raised $ 50 million from Sorenson Capital. Sapphire Ventures, Iconiq Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures and IDG Ventures also participated in the transaction. This funding brings to 180 million dollars the total amount raised by the company since its creation. During its previous fundraising, in August 2015, the young American shoot had raised 75 million dollars.

The market

Founded in 2011 by Artur Bergman, Fastly has developed a real-time content delivery network based on SSD technology. The latter aims to offer the lowest response times for a request on the market in order to allow companies to follow the expectations of their customers. The latter seek to offer them fast, secure and scalable online experiences.

Among its customers, Fastly notably includes Airbnb, Spotify, Pinterest, the New York Times or Ticketmaster. According to MarketsandMarkets, the CDN (Content Delivery Network) market is currently around $ 6 billion.

The objectives of the Start-up

This new investment should allow Fastly to improve its platform. Artur Bergman said the company intends to create a better content delivery network by focusing on the types of traffic that meet modern content requirements, such as API traffic, mobile content, or even content. user generated.

Founder: Artur bergman

Launch: 2011

The head office : San Francisco

Activity: content delivery network

Funding: $ 50 million in May 2017

Read also: Fastly raises 7.6 million euros to develop its ultra-fast CDN