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Fastly Raises $40M To Grow Content Delivery Network Platform

Tuesday Jul 17th 2018 by Sean Michael Kerner

Delivering content is all about having a fast distribution network and edge computing.

Edge cloud platform networking services provider Fastly announced on July 16 that it has raised $40 million in a new round of funding to help grow the company's content delivery network platform.

The new funding round was led by Deutsche Telekom Capital Partners (DTCP) with participation from Sozo Ventures and Swisscom Ventures. It brings total funding to date for Fastly up to $219 million.

"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," Artur Bergman, founder and CEO of Fastly, wrote in a statement.

The basic idea behind Fastly is to help organizations deliver content faster. To that end, the company has built out a global network of 51 locations, which serve as cloud edge computing nodes. The total network has a current capacity of 25 Tbps and is reachable anywhere in the world within milliseconds.

"Speed and security are the backbone of a strong Internet, and Fastly provides the most valuable, differentiated approach to this that we’ve seen," Jack Young, partner and head of venture capital at Deutsche Telekom Capital Partners (DTCP) in the Silicon Valley Office,  wrote in a statement.

The new funding for Fastly follows the company's June 21 announcement of new enterprise services that the company refers to as Quick Value Packages. Among the packages are Web Application Firewall (WAF) management, which provides security capabilities to help defend against threats.

The Logging Insights package includes streaming logs from Fastly along with dashboards from Sumo Logic to help organizations with troubleshooting. Fastly also added a Performance Optimization package to aid with performance improvements.

"The last thing a company should have to worry about is not having the resources or in-house expertise to create an amazing experience for its users," Wolfgang Maasberg, SVP of sales at Fastly, stated. "Fastly is committed to helping the world's leading businesses seamlessly scale and take advantage of the edge."

Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.

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