Name: Fastly
Brand: Fastly
SKU: 63c82b23af70319ec883891a
Rating: 3.8 (275 reviews)

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Fastly

By Fastly

Categories Associated

Content Delivery Network

Video Conferencing Software

Overview of Fastly Software Company

Fastly, Inc. is an American cloud computing services provider specializing in edge cloud platforms. The company offers a range of services including content delivery network (CDN), image optimization, video and streaming, cloud security, and load balancing. Fastly's edge cloud platform is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users, thereby improving performance and security.

Founding and Growth

Fastly was founded in March 2011 by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina. The company is headquartered in San Francisco, California. Since its inception, Fastly has grown rapidly, driven by significant investments from top-tier venture capital firms. The company went public on May 17, 2019, raising $180 million in its initial public offering (IPO).

Funding and Valuation

Fastly has raised a total of $217.2 million over nine funding rounds. The company’s valuation in May 2017 was $615.72 million. The latest funding round was the IPO in May 2019. Fastly's revenue for 2020 was reported at $290.87 million.

Product Offerings and Features

Fastly provides a comprehensive suite of products and services designed to enhance the performance, security, and scalability of websites and applications. Key offerings include:

Edge Cloud Platform: Core service providing scalable and secure content delivery.
Edge Compute: Serverless computing platform for deploying applications and microservices at the edge.
Cloud Security: Comprehensive security solutions including DDoS protection, bot mitigation, and a next-gen web application firewall (WAF).
Video and Streaming: Real-time video streaming with low latency.
Image Optimization: Tools for optimizing images for faster load times.
Load Balancing: Ensures high availability and reliability of applications.

Acquisitions and Product Expansion

Fastly has made several strategic acquisitions to expand its product offerings and enhance its capabilities:

Signal Sciences: Acquired in October 2020 for $775 million, this acquisition brought web application and API protection solutions into Fastly's portfolio.
Glitch: Acquired in May 2022, Glitch is a web coding platform with over 1.8 million developers.
Domainr: Acquired in August 2023, Domainr provides a domain status API.

These acquisitions have bolstered Fastly's position in the web security and developer tools markets.

Fastly AI and New Features

Fastly continuously enhances its platform with new features. Recent additions include:

Edge Observer: Provides real-time and historical visibility into the performance of Fastly services.
Fastly Alerts: Automated alerting capabilities integrated into the Fastly platform to notify teams of performance and reliability issues.

Company Culture and Values

Fastly prides itself on a culture that supports skilled professionals and fosters innovation and collaboration. The company emphasizes inclusion and belonging, offering open and welcoming office environments, remote work options, and excellent benefits. Fastly's values include curiosity, trustworthiness, transparency, and a strong focus on customer satisfaction.

User Base and Community

Fastly serves a diverse range of industries, including digital publishing, online retail, streaming media, SaaS, travel and hospitality, financial services, and online education. The company has over 2,000 customers, including high-profile brands like The New York Times and GIPHY. Fastly's community includes both enterprise and non-enterprise clients, with 324 enterprise customers as of the latest reports.