Some may see the content delivery world as commoditized, but then again some just see further opportunity. The upstart CDN Fastly is one of the latter, and today they announced a big new funding round of venture capital.
Fastly has raised $40 million in Series C funding from its existing investors at August, Battery, O’Reilly Alphatech, and Amplify, with IDG also joining the group with its first investment.
Fastly will use the new funds for its ongoing growth plans. That will include additional PoPs around the world, with Denver, Melbourne, Osaka, Sao Paulo, Seattle, and Stockholm on the menu. They are also working on the development of ‘product partnerships with Fortune 500 companies’.
Fastly is taking on the sector with better customer control over content delivery, a 150ms instant purge, and an infrastructure built on speedy solid-state drives.
There have been a lot of CDN startups over the years of course, backed by plenty of venture capital. Fastly’s success will depend on its ability to grow market share in a very competitive, rapidly evolving marketplace. Sounds like a familiar task these days.
This article was authored by Rob Powell and was originally posted on Telecomramblings.com
Rob Powell is founder & editor of Telecom Ramblings, which was set up in 2008. The website is dedicated to discussing trends and developments in the telecom industry.