Fastly, Inc. is a San Francisco-based American cloud computing services provider. It offers a range of services including content delivery network (CDN), cloud security, image optimization, and load balancing. Fastly's CDN speeds up delivery of content to users by storing it on servers closer to them. Their security offerings protect against attacks like denial-of-service, mitigate bot activity, and include a web application firewall. The company also helps optimize images for faster loading and balances server loads to maintain website and application performance.
Fastly was founded in 2011 by Artur Bergman, former CTO of Wikia.
In June 2013, Fastly raised $10 million in Series B funding.
Fastly acquired CDN Sumo, a CDN add-on for Heroku, in April 2014.
In September 2014, Fastly secured $40 million in Series C funding.
Fastly raised $75 million in Series D funding in August 2015.
In September 2015, Google partnered with Fastly and other CDN providers.
Fastly launched its edge cloud platform, including image optimization, load balancing, and a WAF, in April 2017.
In April 2017, Fastly raised $50 million in funding.
Fastly raised another $40 million in funding in July 2018.
Fastly filed for an initial public offering (IPO) in April 2019.
On May 17, 2019, Fastly debuted on the New York Stock Exchange after its IPO.
In February 2020, Artur Bergman stepped down as CEO of Fastly, becoming chief architect and executive chairperson. Joshua Bixby took over as CEO.
Fastly acquired cybersecurity company Signal Sciences for $775 million in August 2020.
On June 8, 2021, a major outage disrupted Fastly's CDN service, affecting websites like Reddit, gov.uk, Amazon, and major news sources. The outage, caused by a software bug, was resolved within a few hours.
Ronald W. Kisling officially assumed the role of CFO in August 2021.
In May 2022, Fastly acquired Glitch, a web coding platform.
Todd Nightingale was appointed as Fastly's CEO in August 2022, succeeding Joshua Bixby.
In March 2023, Fastly expanded access to its network services and web application security products to all its partners.
Fastly acquired Domainr, a domain status API provider, in August 2023.
Brett Shirk resigned from his position as CRO in November 2023 and was replaced by Scott Lovett six months later.
As of March 2024, Fastly's platform, built on Varnish, transfers 336 Tbps of data.
In August 2024, Fastly laid off 11% of its workforce.
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