Fastly nets $75 million to keep speeding that content to your device
Fastly, a company that wants to speed up delivery of the web content we crave, now has $75 million in a new Series D funding round for continuing that work, and to add new services.
The four-year-old San Francisco company has now raised $130 million in total. Lead investor this time out is Iconiq Capital, while existing backers Amplify Partners, August Capital, IDG Ventures and O’Reilly AlphaTech Ventures also chipped in.
Fastly also named Dan Miller, formerly vice president of finance at NetSuite(N), as its new chief financial officer.
“We are building a better foundation for real-time content delivery across the globe,” Artur Bergman, Fastly founder and CEO, said via email. “By expanding our services, we’ll help modern businesses deliver faster, more secure and highly personalized user experiences while reducing operational outlay and business risk.”
Content delivery networks from companies like Akamai (AKAM), Limelight Networks(LLNW), and Fastly, aim to speed up the delivery of video, audio, or just plain old web pages in part by putting commonly used, popular content, closer to potential end users which can be regular consumers, or big companies that need to make sure their employees and partners have fast access to their materials.
Corporate customers include Conde Nast, Vimeo, and Business Insider.
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