Tuesday, May 23, 2017
SAN FRANCISCO, May 23, 2017 — Fastly, the edge cloud platform, has announced $50 million in funding led by Sorenson Capital. Following the introduction of Fastly’s edge cloud platform, the company has continued to advance at a rapid pace, achieving over 100% annualized revenue growth in the last two quarters. Fastly is quickly approaching breakeven and has already reached an annualized run rate of $100 million in just five years to position itself in the top echelon of rapid-growth Silicon Valley companies.
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