Fastly

Fastly

Content delivery network (CDN) that gives businesses complete control over how they serve content, unprecedented access to real-time performance analytics, and the ability to cache frequently changing content at the edge. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues291m354m433m506m535m565m605m
% growth45 %22 %22 %17 %6 %6 %7 %
EBITDA(59.0m)(140m)(175m)(105m)14.9m44.2m72.6m
% EBITDA margin(20 %)(40 %)(40 %)(21 %)3 %8 %12 %
Profit(95.9m)(223m)(191m)(133m)(162m)(133m)(113m)
% profit margin(33 %)(63 %)(44 %)(26 %)(30 %)(23 %)(19 %)
EV / revenue33.5x11.5x2.4x4.7x2.0x2.0x2.4x
EV / EBITDA-165.1x-29.1x-6.0x-22.5x70.8x25.6x20.4x
R&D budget74.8m127m155m152m---
R&D % of revenue26 %36 %36 %30 %---

Source: Dealroom estimates

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DateInvestorsAmountRound

N/A

Seed

$4.0m

Series A

$10.0m

Series B

$40.0m

Series C

$75.0m

Late VC

$50.0m

Series E

$40.0m

Series F

$40.0m

Series F
N/A

$180m

Valuation: $1.5b

10.4x EV/LTM Revenues

-96.5x EV/LTM EBITDA

IPO
Total Funding€235m

Recent News about Fastly

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More about Fastlyinfo icon
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Fastly, Inc. (website: fastly.com) is a technology company specializing in edge cloud computing services. Edge computing involves processing data closer to the location where it is needed, rather than relying on a centralized data center. This approach reduces latency, or delay, in data transmission, making applications faster and more efficient.

Fastly serves a diverse range of clients, including media companies, e-commerce platforms, and financial services. These clients rely on Fastly to deliver content quickly and securely to their users. The company operates in the global cloud computing market, which is a rapidly growing sector driven by the increasing demand for faster internet services and more efficient data processing.

The business model of Fastly revolves around providing edge cloud services through a subscription-based model. Clients pay for access to Fastly's platform, which includes various tools and services for optimizing and securing their web applications. Fastly makes money by charging clients based on their usage of these services, such as the amount of data processed or the number of API requests made.

Fastly's platform includes several key components:

1. **Edge Compute Language**: Allows clients to run custom code at the edge of the network, bringing the power of core cloud services closer to users.

2. **API Services**: Provides robust API (Application Programming Interface) tools that enable clients to integrate Fastly's services into their own applications seamlessly.

3. **Community and Support**: Offers extensive documentation, forums, and expert advice to help clients get the most out of Fastly's services.

In summary, Fastly is a key player in the edge cloud computing market, providing essential services that help businesses deliver content quickly and securely. Its subscription-based model and diverse client base position it well for continued growth in the fast-evolving cloud computing landscape.

Keywords: edge computing, cloud services, latency reduction, API tools, media companies, e-commerce, financial services, subscription model, data processing, network security.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Fastly

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CDN Sumo
ACQUISITION by Fastly Apr 2014
Fanout
ACQUISITION by Fastly Mar 2022
Domainr
ACQUISITION by Fastly Aug 2023
Signal Sciences
ACQUISITION by Fastly Aug 2020
Glitch
ACQUISITION by Fastly May 2022