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§ Private Profile · San Francisco, CA, USA
A content delivery network and edge cloud platform that speeds up websites and applications for developers and businesses, focused on low latency.
Fastly has raised $269.0M across 7 funding rounds.
Key people at Fastly.
Fastly has raised $269.0M in total across 7 funding rounds.
Based in San Francisco, California, Fastly operates a high-performance content delivery network and edge cloud platform that accelerates websites and applications by processing data closer to end users. The publicly traded company, listed on the Nasdaq under the ticker symbol FSLY, generates revenue through subscription-based services that allow developers to run, secure, and deliver digital experiences globally with extremely low latency. Before completing its initial public offering in 2019, the enterprise raised approximately $220 million in private funding and has since grown to employ around 1,000 people as of 2023. Currently led by Chief Executive Officer Kip Compton, the programmable edge computing infrastructure provides critical network services to recognizable technology companies such as Reddit, Stripe, Pinterest, and GitHub. Fastly was originally founded in 2011 by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina.
Key people at Fastly.
Fastly has raised $269.0M across 7 funding rounds. Most recently, it raised $40.0M Series F in July 2018.
Fastly is an edge cloud platform company founded in 2011 that provides content delivery network (CDN) services, security solutions, and infrastructure to accelerate, secure, and scale digital experiences for developers and businesses.[1][2][4][5] It serves digital businesses, media companies, e-commerce platforms, and enterprises by solving challenges like latency, security threats, and scalability through edge computing, which places data closer to end users for faster delivery—averaging 13-millisecond server response times and 150 ms purge times.[1][2][4] Fastly's mission is to empower the world’s most innovative companies to deliver fast, secure, and reliable online experiences at scale, with a vision to be the platform for innovative companies and create a trustworthy internet.[1][2][3][6]
The company powers real-time applications for customers like Spotify (streaming to 78 countries), Kayak (handling 2 billion searches yearly), and e-commerce platforms needing global scale without speed sacrifices.[3][7] Its growth has been strong, with revenue roughly doubling from $104.9 million in 2017 to $200 million in 2019, alongside expansion from 7 employees to nearly 600 worldwide.[5]
Fastly was founded in 2011 in California by Artur Bergman, a web developer at Wikia (the commercial version of Wikipedia), who recognized that transmitting massive data over the internet requires physical proximity of servers to users—similar to high-speed trading systems.[5] This insight into edge computing drove the company's creation: caching content at ISP co-locations (e.g., Verizon, Comcast) to minimize latency and enable hyperspeed delivery.[4][5]
Early traction came from Bergman's focus on developer needs, leading to a global network with powerful, software-defined points of presence (POPs).[4][5] Fastly went public in May 2019 as a "next-generation" edge platform, with underwriters including William Blair, marking a pivotal moment amid rising demand for real-time digital experiences.[5] From San Francisco headquarters, it expanded to offices in Portland, Denver, New York, London, and Tokyo.[5]
Fastly stands out in the CDN and edge cloud space through these key strengths:
Fastly rides the edge computing trend, shifting compute from centralized clouds to the network edge amid exploding demand for real-time, personalized digital experiences driven by streaming, e-commerce, and AI.[1][4][5] Timing is ideal as internet users expect sub-second interactions, but legacy CDNs struggle with latency and threats; Fastly's proximity-based model counters this, aligning with market forces like 5G rollout and global data growth.[2][5]
It influences the ecosystem by setting standards for developer-friendly infrastructure, enabling ambitious companies to innovate faster and compete—e.g., globalizing e-commerce without backend overhauls—and fostering a "trustworthy internet" through security and transparency.[3][6][7] This positions Fastly as an enabler of digital transformation, powering modern web apps that transform lives.[4]
Fastly is poised to expand its edge platform amid surging AI-driven workloads, real-time personalization, and cybersecurity needs, potentially accelerating growth beyond its post-2019 IPO trajectory.[1][2][5] Trends like edge AI integration and zero-trust security will shape its path, with its developer focus and network innovations giving it an edge over commoditized CDNs.[1][4]
Its influence may evolve toward dominating "forward-looking experiences," as recent branding emphasizes staying ahead of web challenges—tying back to its core mission of empowering developers to build a faster, safer internet at unprecedented scale.[3]
Fastly has raised $269.0M in total across 7 funding rounds.
Fastly's investors include Jack Young, Benhamou Global Ventures, DNX Ventures, Fusion Fund, Mohr Davidow Ventures, Partech Ventures, Pelion Venture Partners, Zain Rizavi, Chris Cooper, Sozo Ventures, Swisscom Ventures, Rob Rueckert.
