Fastly, the US-based creator of a real-time content delivery network (CDN), raised $75m today in a series D round featuring media companies International Data Group and O’Reilly Media.
The companies, which invested through their IDG Ventures, and O’Reilly AlphaTech Ventures units, were joined by venture capital firms Iconiq Capital, which led the round, Amplify Partners, August Capital and Battery Ventures.
Fastly has developed a content delivery network that enables companies to control the content they provide through websites and apps using real-time performance analytics to help them constantly keep it up to date.
The funding was raised as Fastly looks to grow, and it is planning to expand from its current locations in San Francisco, New York, London and Tokyo to enter Australia, India, Israel, South Africa, Spain and the United Arab Emirates.
Artur Bergman, Fastly’s CEO, said: “The lack of innovation by traditional CDNs has frustrated many of our customers by holding back their ability to create faster, secure and highly personalised user experiences.
“We are building a better foundation for real-time content delivery across the globe.”
Fastly has now raised about $130m since it was founded in 2011. IDG Ventures, O’Reilly AlphaTech Ventures, August Capital, Battery Ventures and Amplify Partners previously supplied $40m for its series C round in September 2014.
Fastly had previously secured $10m in an August Capital-led round in 2013, after it had secured $4m in series A funding from O’Reilly AlphaTech Ventures, Amplify and Battery the year before.