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Fastly

Fastly

Edge cloud computing services provider

About

Fastly provides edge cloud computing services that process data closer to where it is needed, which helps reduce delays in data transmission. This makes applications faster and more efficient for clients such as media companies, e-commerce platforms, and financial services. Fastly's platform includes tools like the Edge Compute Language for running custom code at the network's edge, and API services that allow easy integration of its offerings into client applications. Unlike many competitors, Fastly operates on a subscription-based model where clients pay based on their usage, which includes data processed and API requests. The company's goal is to help businesses deliver content quickly and securely, positioning itself for growth in the expanding cloud computing market.

Company Stage

Series F

Employees

1,001-5,000

Industries

Data & Analytics, Enterprise Software, Cybersecurity

Total Funding

$219M

Headquarters

N/A

Founded

2011


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Simplify's Take

What believers are saying

  • Fastly's recognition as a Gartner Peer Insights Customers’ Choice for six consecutive years underscores its strong market position and customer satisfaction.
  • The enhancement of its Managed Security Service with Bot Management and a rapid SLA demonstrates Fastly's commitment to addressing complex cybersecurity challenges.
  • Fastly's diverse client base, including media, e-commerce, and financial services, provides stability and growth opportunities in various sectors.

What critics are saying

  • The multiple securities class action lawsuits filed against Fastly could lead to significant financial and reputational damage.
  • The competitive edge computing market requires continuous innovation, and any lag could result in loss of market share.

What makes Fastly unique

  • Fastly's edge computing model significantly reduces latency by processing data closer to the end user, unlike traditional cloud services that rely on centralized data centers.
  • The company's Edge Compute Language allows clients to run custom code at the edge, providing a unique advantage in optimizing and securing web applications.
  • Fastly's industry-leading 30-minute time-to-notify SLA for critical security incidents sets it apart in the cybersecurity landscape.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

10%

2 year growth

23%

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