Fastly Raises $50m in Funding

Fastly, a San Francisco, CA-based edge cloud platform, raised $50m in funding.

The round was led by Sorenson Capital with participation from new investor Sapphire Ventures and existing investors Iconiq Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures OATV, and IDG Ventures.

The company, which has raised a total of $180m to date, will use the new funds to expand adoption for cloud services.

Led by Artur Bergman, CEO and founder, Fastly provides an edge cloud platform which provides a suite of application delivery, video and streaming, and cloud security solutions, including recently-announced Image Optimizer, Load Balancer and Web Application Firewall (WAF) that allows online brands to build scalable applications and defend against complex security threats to meet customer demand for zero downtime, high speed, and personalized online experiences.
Customers include online destinations like The New York Times, Airbnb, Spotify, Pinterest, Ticketmaster, Gannett, Reddit, Alaska Airlines, TED (the producer of TED Talks), and Audi of America.



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