CDN Startup Fastly Raises $75 Million to Fund Global Expansion

Content delivery network (CDN) startup, Fastly has raised $75 million in Series D funding 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. The latest round of funding is led by Iconiq Capital, with new contributions from existing investors Amplify Partners, August Capital, Battery Ventures, IDG Ventures, and O’Reilly AlphaTech Ventures. With the investment, Fastly’s total funding to-date reaches $130 million.

Fastly also announced the addition of Dan Miller as Chief Financial Officer. Miller, who was previously Vice President of Finance at Netsuite, will help drive Fastly’s business growth.

According to Fastly, it will continue to invest in services that help companies build products, reduce infrastructure costs, and manage their business operations in real-time –  with the added benefits of improved performance, reliability, and security. The company said that it has increased its staff by more than 80 percent since January, and currently has more than 200 employees in San Francisco, New York, London, and Tokyo. 

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

Artur Bergman, CEO of Fastly
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. We are building a better foundation for real-time content delivery across the globe.

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