One of the most popular online CDN services, Fastly has announced the latest funding round of $75 million in Series D round today. Fastly focuses on delivering the real-time dynamic content to the users faster. The funding round was led by ICONIQ capital, however, it also saw participation from existing investors like Amplify Partners, battery Ventures, August Capital, IDG Ventures and O’Reilly Alphatech ventures. The total funding raised by Fastly after this round has reached to $130 Million.
The funds raised in the new round of funding will be used to develop more innovative technology for real-time content delivery solutions for the rapidly growing user base. The company will also focus on building a global user reach and making the CDN more secure.
CDN service has been in news for some time now and the main aim of using CDN is to speed up the website by delivering the dynamic content from the nearest location, however, the approach does not seem to be working for the modern day apps. That is one of the reasons Fastly claims to be working on real-time CDN.
Fastly has pretty impressive list of customers including Twitter, Vimeo, Business Insider and iHeartmedia. Launched in 2011, Fastly claims to have increased the distributed traffic by over 700% on its network in the past 2 years. Fastly operates from 4 office, located in San Francisco, New York, London & Tokyo with the help of over 200 employees.
The company also says that countries like India, Australia, South Africa and UAE are the prime focus and they will use the new funds to try and grow in the mentioned countries.