Leading Cloud Platform, Fastly Secures $40M Investment
Fastly, the leading edge cloud platform, today announced that it has raised $40 million in funding, led by Deutsche Telekom Capital Partners (DTCP) with participation from Sozo Ventures, Swisscom Ventures, and existing investors. Fastly clients include leading brands like Alaska Airlines, Audi of America, BuzzFeed, USA TODAY NETWORK, Reddit, TED, and Vice.
With the fresh capital, Fastly plans to continue expanding its edge cloud services for leading digital publishing, e-commerce, and streaming companies, as well as explore the increasing market demand across financial services, healthcare, and connected vehicles and devices.
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Fastly is dedicated to building a diverse team that reflects the unique needs of its global customer base. Currently, women comprise 42 percent of the company’s executive team, while 65 percent of its engineering leads have self-identified as women, people of color, or LGBTQ. Over 50 percent of the company works outside of San Francisco.
“Today, content served through Fastly is viewed by more than three billion people around the globe every month, equating to more than 75 percent of all worldwide internet users. It’s impossible to build a product that serves the world without building an inclusive team that reflects it,” said Artur Bergman, founder and CEO of Fastly. “Studies show that diverse teams deliver better outcomes. The more diverse our leadership, the easier it is to grow the right way — hiring diverse talent and building technology that provides true value for leading businesses and their users across the world.”
Fastly takes a fundamentally different network approach: rather than deploying many small servers around the world, Fastly builds powerful servers with large amounts of memory and 100GE circuits for rapid scalability; the company currently has data centers placed in 51 strategic, well-connected global locations.
“Speed and security are the backbone of a strong Internet, and Fastly provides the most valuable, differentiated approach to this that we’ve seen,” remarked Jack Young, Partner and Head of Venture Capital at Deutsche Telekom Capital Partners (DTCP) in the Silicon Valley Office. “We look forward to supporting Fastly as it corners the cloud services market and accelerates its diverse leadership.”
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