US-based content delivery network Fastly raised $40m on Tuesday in a series C round featuring corporate venturing units run by media and research company International Data Group (IDG) and media company O’Reilly.
IDG Ventures and O’Reilly AlphaTech Ventures were joined in the round by August Capital, Battery Ventures and Amplify Partners.
Fastly operates a content delivery network that gives businesses control over how they serve content. The new funds will be used for hiring, developing product partnerships and to build more points-of-presence around the world.
“Fastly continues to attract amazing talent and customers,” said Fastly chief executive, Artur Bergman. “Our goal is to build a faster, better internet, and our technology will improve the way people experience content online.”
August Capital invested $10m in Fastly in June 2013 for its series B round, having raised $4m from Battery Ventures and O’Reilly AlphaTech Ventures for its series A round.