In this quarter, there have been no industry-impacting events. However, it’s still early. The two top surprises involve Bunny.net and the maturing serverless market report. Bunny.net, the European CDN startup, has raised $6 million in Series A funding. Dejan Pelzel
Everywhere you turn, all you hear about is Rust. Rust this, Rust that. Everyone is talking about it, writing about it, and supporters are forcing their narrative down our throats. There is no denying that Rust, the general purpose programming
The JavaScript Runtime Engine ecosystem is expanding with the induction of Deno and Oven, two startups building an innovative runtime and toolset. The best part of this story is the ongoing debate among developers, which started when Oven claimed their
Fly.io is a CDN startup that has been flying under the radar for some time. Founded in 2016, they’ve raised $37M in Series A and B. The team consists of engineers, and one product manager, with no marketing or sales,
Beginning this quarter, we’ll publish a summary of the state of the CDN industry. The goal is to review specific topics and themes of the last quarter. Discussions around earnings, trends, market challenges, new product innovations, and industry competitiveness are
Fastly reported earnings on August 3, 2022, and results were lukewarm. Total revenue for the year will come in at $415M to $425M, up from $354M in 2021. Fastly had 2,894 customers for the quarter, compared to 2,880 in Q1.
Akamai announced earnings on August 9, 2022, with mixed results. The company grew 6% y-o-y in Q2-2022; the culprit affecting growth was Delivery revenue. However, it’s noticeable one product group is taking off. The real story is Compute, which grew
Cloudflare reported earnings on August 5, 2022, and the results were impressive. They are a billion-dollar ARR company, the second vendor to reach this milestone in our industry apart from Akamai. Cloudflare has set the bar high for itself and
Edgio, the new power player in the CDN industry, reported earnings on August 8, 2022. Once fierce rivals, Limelight and EdgeCast have come together to reshape the competitive landscape. It’s the first time they are reporting combined earnings, so it’ll
Subspace (not to be confused with Subspace Labs), the once-promising CDN startup, closed on May 13, 2022. It joins the ranks of EdgeGravity and Instart Logic as promising ventures that fizzled out. It’s unfortunate because dozens of employees lost their
Cequence Security was founded in 2014 by Ameya Talwakar and Shreyans Mehta, both of who worked at Symantec for a decade-plus. The company started in bot protection, describing itself as an Application Security Platform that automated application discovery, threat detection,
Traceable AI was founded in 2018 by Jyoti Bansal and Sanjay Nagaraj; the startup raised $60M in Series B and $79M in total, valuing them at $450M in May 2022. The most impressive part of all this is the founder,
Noname Security was started in 2020 by Oz Golan and Shay Levi. As the story goes, when the founders were required to write down a company name on a legal document, they wrote Noname because they had no name at
Salt Security, founded in 2016 by Roey Eliyahu and Michael Nicosia, is the leading API security startup in our lineup. In February 2022, the company raised $140M in Series D, $270M in total, and hit the unicorn milestone at $1.4
The startup API security market is coming into its own. Although this niche is relatively young, startups have raised hundreds of millions, and a couple has reached unicorn status. But, of course, we’re describing the pure plays, not the CDNs.
