Fastly

Fastly is an American cloud computing services provider.

Fastly, Inc.
Type of businessPublic
Traded asNYSE: FSLY (Class A)
FoundedMarch 2011 (2011-03)
Headquarters
San Francisco, United States
Founder(s)Artur Bergman
Key peopleJoshua Bixby (CEO)
IndustryInternet
Services
Revenue $200 Million[1]
Employees700
URLfastly.com

History

Fastly was founded in 2011 by Artur Bergman, previously chief technical officer at Wikia.[2] In June 2013, Fastly raised $10 million in Series B funding.[3] In April 2014, the company announced that they had acquired CDN Sumo, a content delivery network add-on for Heroku.[4] In September 2014, Fastly raised a further $40 million in Series C funding,[5] followed by a $75 million Series D round in August 2015.[6]

In September 2015, Google partnered with Fastly and other content delivery network providers to offer services to its users.[7] In April 2017, Fastly launched its edge cloud platform along with image optimization, load balancing, and a web application firewall.[8][9]

Fastly raised $50 million in funding in April 2017,[10] and another $40 million in July 2018.[11] The company filed for an initial public offering (IPO) in April 2019 and debut on the New York Stock Exchange on May 17, 2019.[12][13] In February 2020, Bergman stepped down as CEO and assumed the role of chief architect and executive chairperson; Joshua Bixby took over the CEO role.[14]

In August 2020, Fastly announced it was acquiring cybersecurity company Signal Sciences for $775 million ($200 million in cash and $575 million in stock).[15]

Services

Fastly describes their network as an edge cloud platform, which is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users.[16] The Fastly edge cloud platform includes their content delivery network, image optimization, video and streaming, cloud security, and load balancing services.[8] Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.[17] Fastly web application firewall uses the Open Web Application Security Project ModSecurity Core Rule Set alongside its own ruleset.

The Fastly platform is built on top of Varnish.[18]

References
  1. https://www.macrotrends.net/stocks/charts/FSLY/fastly/revenue
  2. Novet, Jordan (September 16, 2014). "Fastly grabs $40M on its quest to build a big, cool content-delivery network". VentureBeat. Retrieved December 23, 2020.
  3. "Fastly Raises $10M For Content Delivery Network Built For Mobile, Real-Time World". TechCrunch. June 6, 2013. Retrieved December 23, 2020.
  4. Richards, Ryan (April 16, 2014). "Ruby on Rails on Fastly". www.fastly.com. Archived from the original on December 23, 2020. Retrieved December 23, 2020.
  5. Miller, Ron (September 16, 2014). "Fastly Growing Quickly Snags $40M As VCs Give Generously". TechCrunch. Retrieved December 23, 2020.
  6. Lardinois, Frederic (August 5, 2015). "Fastly Raises $75M For Its Real-Time CDN". TechCrunch. Retrieved December 23, 2020.
  7. "Google Partners With CloudFlare, Fastly, Level 3 And Highwinds To Help Developers Push Google Cloud Content To Users Faster". TechCrunch.
  8. Kepes, Ben (April 18, 2017). "In the need for speed, Fastly goes all the way to the edge". Computerworld. Retrieved October 10, 2017.
  9. "Fastly Releases Edge Cloud Platform". Bizty.
  10. "Fastly raises another $50 million for its content delivery networking technology". TechCrunch. Retrieved December 23, 2020.
  11. Dillet, Romain (July 17, 2018). "Fastly raises another $40 million before an IPO". TechCrunch. Retrieved December 23, 2020.
  12. Shieber, Jonathan (April 20, 2019). "Fastly, the content delivery network, files for an IPO". TechCrunch. Retrieved December 23, 2020.
  13. Novet, Jordan (May 17, 2019). "Fastly shares rocket as much as 60% in IPO debut". CNBC. Retrieved December 23, 2020.
  14. Hernbroth, Megan (February 23, 2020). "'I like being in the trenches': Fastly CEO steps down after disappointing market debuts, citing his 'true strengths and passions' as a developer instead of company leader". Business Insider Australia. Retrieved December 23, 2020.
  15. Shieber, Jonathan (August 27, 2020). "LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M". TechCrunch. Retrieved December 23, 2020.
  16. "How The New York Times Handled Unprecedented Election-Night Traffic Spike". DataCenter Knowledge. April 18, 2017.
  17. "Discontent and disruption in the world of content delivery networks". TechCrunch.
  18. "The benefits of using Varnish". www.fastly.com. Retrieved December 23, 2020.
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