Fastly launches developer hub for edge innovation, files follow-on public offering

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Fastly, a provider of CDN and edge computing services, has launched a developer hub for fast access to necessary tools to build innovative applications on its edge cloud platform, the company announced. Keeping developers engaged with the company’s platform will be key as the company seeks to continue growing revenues, but a follow-on stock offering that will add millions to the coffers will also help.

The Developer Hub includes a testing sandbox, code snippets for instant deployment and a knowledge base to boost digital transformation at the edge. Content can be accessed through search indexes and categories.

“Fastly’s new Developer Hub is one of the best developer resources we have today,” said Ron Lipke, platform engineering manager at Gannett, in a prepared statement. “The documentation, code snippets, and variety of use cases will save our edge team the cycles required to develop our configuration examples. Gannet Co., Inc. is a media company that is the largest publisher of newspapers in the U.S.

Lipke said particular attention was given to the user experience, with improved navigation that will allow developers to discover and implement self-service solutions much faster. Highly searchable documentation and sandboxed testing are key features developers can use to understand the Varnish Configuration Language that’s used in programming services on Fastly’s platform via its APIs.

“Our Developer Hub puts the full power of Fastly in developers’ hands by making it simpler to find the tools they need and by helping them realize what our technology is capable of,” said Adam Denenberg, SVP of customer solutions at Fastly, in a prepared statement.  “We’re in the business of helping developers be successful by harnessing the power of edge computing. With Developer Hub, we’re excited to continue building on that goal, and opening the edge up to developers even further.”

The Developer Hub provides access to additional resources such as solution library patterns and recipes, API and language references and changelogs, training material for developers at any level of experience, technical blog posts and a testing sandbox dubbed Fastly Fiddle.

Fastly seeks additional cash after reporting strong 1Q 2020 results

Fastly kicked off May with a quarterly earnings report of $63m in revenue and a GAAP operating loss of $12m. The strong results prompted the company to raise its full-year 2020 guidance to $280M to $290M of revenue, compared to the previous estimate of $265M at the top end of guidance.

On the heels of accelerating growth, Fastly recently filed a registration statement with the U.S. SEC for a proposed follow-on public offering of 6,000,000 shares of its Class A common stock. Underwriters will have a 30-day window to buy up to 900,000 additional shares of Class A common stock. The registration statement is not yet effective.

Fastly priced the offering at $41.50 per share.

Book-running managers are Morgan Stanley, Citigroup, BofA Securities and Credit Suisse, while co-managers are William Blair, Raymond James, Baird, Oppenheimer & Co., Stifel, Craig-Hallum Capital Group and D.A. Davidson & Co.

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