What is Fastly?
Fastly, Inc. is a publicly traded cloud computing and edge infrastructure company headquartered in San Francisco, California. Established in 2011 and listed on the Nasdaq under the ticker symbol FSLY, Fastly operates a global edge cloud platform. This platform is engineered to empower businesses to process, serve, and secure their applications closer to end-users, thereby enhancing performance and reliability. The company's comprehensive suite of services includes content delivery network (CDN) capabilities, edge computing, advanced web application firewall (WAF) and DDoS protection, bot management, API security, and solutions for video streaming, image optimization, and enterprise serverless computing. Fastly serves a diverse range of industries, including e-commerce, streaming media, gaming, digital publishing, financial services, and high technology, boasting clients such as Reddit, GitHub, Stripe, and The New York Times. Its operational footprint spans across the United States, Europe, Asia Pacific, and other international markets.
How much funding has Fastly raised?
Fastly has raised a total of $396M across 7 funding rounds:
Series A
$1M
Series B
$10M
Series C
$40M
Series D
$75M
Series E
$50M
Series F
$40M
Stock Offering
$180M
Series A (2012): $1M with participation from Battery Ventures, Amplify Partners, and O'Reilly AlphaTech Ventures
Series B (2013): $10M led by August Capital
Series C (2014): $40M supported by IDG Capital, August Capital, Amplify Partners, Battery Ventures, and O'Reilly AlphaTech Ventures
Series D (2015): $75M featuring August Capital, Iconiq Capital, Battery Ventures, IDG Capital, O'Reilly AlphaTech Ventures, and Amplify Partners
Series E (2017): $50M backed by Sorenson Capital
Series F (2018): $40M with participation from Deutsche Telekom Capital Partners, Sozo Ventures, and Swisscom Ventures
Stock Issuance/Offering (2019): $180M led by Undisclosed
Key Investors in Fastly
Deutsche Telekom Capital Partners
DTCP Digital Transformation Capital Partners GmbH specializes in innovative investment strategies focused on driving digital transformation across various sectors. The company invests in digital infrastructure and growth-stage companies, particularly in areas such as Cybersecurity, SaaS, AI, and Robotics.
Swisscom Ventures
Headquartered in Worblaufen, Switzerland, Swisscom is a Swiss telecommunications provider, majority-owned by the Swiss Confederation. The company provides fixed-line and mobile phone service, broadband data, and cable TV to individuals and businesses.
Iconiq Capital
ICONIQ Capital is a privately-held investment firm. It provides financial advisory and family office services and manages direct investments with a focus on technology growth equity, venture capital, middle market buyout, and real estate.
What's next for Fastly?
The substantial enterprise-level capital infusion, culminating in a total funding of $396M, positions Fastly for continued innovation and expansion in the competitive edge computing landscape. The recent strategic investment of $180M signals strong investor confidence and likely indicates a focus on accelerating product development, enhancing its global network infrastructure, and potentially pursuing strategic acquisitions. As Fastly continues to scale its operations and broaden its service offerings, it is poised to further solidify its role as a critical provider of edge cloud solutions for businesses demanding high-performance, secure, and scalable application delivery.
See full Fastly company page
