Fastly, a content delivery network (CDN) that focuses on helping companies deliver dynamic content to their users faster, today announced that it has raised a $75 million Series D round led by ICONIQ Capital. Existing investors Amplify Partners, August Capital, Battery Ventures, IDG Ventures and O’Reilly AlphaTech Ventures also participated. This brings Fastly’s total funding to date to $130 million.
The company says it will use the new funds to “continue to develop innovative real-time content delivery solutions for its rapidly growing customer base, expand its global reach, and further invest in e-commerce and security expansion.” Specifically, the company says it will focus on helping businesses that offer real-time services.
Traditionally, CDNs always focused on speeding up the delivery of static assets (think images, videos, etc.), but that doesn’t always work well for modern web apps.
“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,” said Artur Bergman, CEO of Fastly. “We are building a better foundation for real-time content delivery across the globe.”
In addition to its CDN services, Fastly also offers a number of a security and e-commerce tools.
Fastly also says it will use the new funding to expand its network with points of presence in Australia, India, South Africa, Spain and the United Arab Emirates.
The company’s current list of customers includes Twitter, Vimeo, Business Insider, Conde Nast and iHeartMedia. Fastly, which launched in 2011, says it increased traffic distributed over its network by 700 percent over the past two years. The company now has 200 employees (up 80 percent since January) in offices in San Francisco, New York, London and Tokyo.
