Fastly, a startup that offers to host content in many places around the world in order to display it quickly to Internet users, announced today a $75 million round of funding. This is a bit of a surprise, given that it’s been less than a year since Fastly last announced funding.
But the startup continues to pick up business, and it’s competing with the likes of public cloud market leader Amazon Web Services, with its CloudFront content delivery network (CDN), as well as CloudFlare, Incapsula, Akamai, and others. Fastly now supports tens of thousands of websites, according to a statement on the new funding.
As for features, Fastly plans to launch a web application firewall soon, a spokesman told VentureBeat in an email. Fastly also intends to establish new points of presence in Australia, India, Israel, South Africa, Spain, and the United Arab Emirates, according to the statement.
More than 200 employees now work for Fastly, and the headcount will reach 425 next summer, the spokesman wrote.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
Fastly started in 2011, and is based in San Francisco. To date, the startup has raised $130 million.
Iconiq Capital led the new round of funding. Amplify Partners, August Capital, Battery Ventures, IDG Ventures, and O’Reilly AlphaTech Ventures also participated.
