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CDN provider Fastly raises $50 million

May 24, 2017 By Technologies.org Leave a Comment

Fastly, a San Francisco-based CDN (content delivery network) platform, raised $50 million in funding with Sorenson Capital lading the round. Other investors included Iconiq Capital, Amplify Partners, August Capital, Sapphire Ventures, O’Reilly AlphaTech Ventures OATV, and IDG Ventures.

Competition in the fast growing CDN market intensifies, with the CDN industry giant Akamai loosing its ground to CloudFlare and Amazon’s CloudFront. The name of the game in the CDN market is low latency and low broadband cost. In growth terms CloudFlare leads the pack on strength of its value offer: freemium account model, friendly user interface, straight and transparent pricing.

CDN provider Fastly raises  $50 million
Photo taken at Google Cloud NEXT

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Filed Under: Tech Tagged With: CDN, content delivery network

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