Tag Archives: past

Fastly raises another $40 million before an IPO

Last round before the IPO. That’s how Fastly frames its new $40 million Series F round. It means that the company has raised $219 million over the past few years. The funding round was led by Deutsche Telekom Capital Partners with participation from Sozo Ventures, Swisscom Ventures, and existing investors. Fastly operates a content delivery network to speed up web requests. Let’s say you type nytimes.com in your browser. In the early days of the internet, your computer would send a request to one of The New York Times’ servers in a data center. The server would receive the request and send back the page to the reader. But the web has grown immensely, and this kind of architecture is no longer sustainable. The New York Times use Fastly to cache its homepage, media and articles on Fastly’s servers. This way, when somebody types nytimes.com, Fastly already has the webpage on its servers and can send it directly. For some customers, it can represent as much as 90 percent of requests. Scale and availability are one of the benefits of using a content delivery network.

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Hydrate, intoxicate, caffeinate, repeat: Meet the startups pouring the future

Joanna Glasner Contributor More posts by this contributor VCs serve up a large helping of cash to startups disrupting food US startups off to a strong M&A run in 2018 T hese days, it seems like everyone with extra cash has some kind of pricey drinking habit. It might be fine wine, craft beer or cocktails. Or it could come in the form of coconut water, cold-pressed juice or the latest frothy caffeinated concoction. No matter what your preference, startups and their backers likely have you covered. In a follow-up to our  story  earlier this month about food startups gobbling up venture funding, Crunchbase News is taking a look at beverage companies guzzling capital. We found that while drinkables receive a smaller portion of funding than edibles, it’s still a sector that draws hundreds of millions of dollars in annual investment. Where are investors pouring all that money? Some unlikely places. For instance, it appears the largest funding recipient so far this year is a China-based chain called  Hey Tea  that’s well known for a specialty called cheese tea. (An unfortunately named, slightly salty iced drink that a Crunchbase News team sampling determined was actually pretty tasty.) Besides cheese tea, we found startups are also raising millions to bottle deep ocean water, customize instant coffee and make your party punch more portable. Bottom line: So long as there are profit margins to squeeze out, the quest continues for new ways to get you drunk, hydrated or caffeinated. Below, we look at what’s trending on all these fronts. Hydrate Venture investors and startup entrepreneurs are betting there are highly scalable businesses to be built in doling out more exotic varieties of water, coconut-based beverages and other drinks to hydrate calorie-conscious consumers

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