Enterprise IT Startup Fastly Raises $50 Million

Fastly closed $50 million in financing. Seven investors participated in the round: Sorenson Capital Partners, Sapphire Ventures, ICONIQ Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures, and IDG Ventures.

Founded in 2011, Fastly helps the world’s most popular digital businesses deliver fast, secure, and scalable online experiences. Businesses use the Fastly edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand. The company’s clients include Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times Company, and Ticketmaster.