Fastly, the content delivery network (CDN) engineered for the future, today announced that it has raised a $40 million round from previous investors August Capital, Battery Ventures, O’Reilly AlphaTech Ventures, and Amplify Partners, as well as new investor IDG Ventures. August Capital led the funding round.
With the investment, Fastly plans to grow its team with key executive and engineering hires, build more points-of-presence (POPs) in strategic locations around the world, and develop product partnerships with Fortune 500 companies.
“Fastly is redefining the content delivery space,” says David Hornik, General Partner at August Capital. “The team has completely evolved the legacy CDN technology model to give companies unprecedented control over how they serve and monitor content online. We’re ecstatic about Fastly’s growth, and we’re incredibly excited to participate in this funding round.”