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Fastly Files For IPO

Fastly -- a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers -- has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker "FSLY".

Fastly's S-1 filing revealed some key stats about its operations. They include:
$530,000 average revenue from each of its enterprise customers227 enterprise customers in 2018, up from 170 in 2017 1,582 total customers in 2018, up from 1,439 in 2017$144.56 million revenue in 2018, up from $104.9 million in 2017$29.1 million loss in 2018, down from $31 million in 2017$37 million cash and cash equivalents held as of December 31, 2018$50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier$34.6 million R&D spend in 2018, up from $29 million in 2017

Boeing Completes First Test Flight Of Autonomous Flying Vehicle

Boeing's passenger air vehicle (PAV) prototype

image : Boeing

Boeing has successfully completed the first test flight of its autonomous passenger air vehicle, the company announced on Wednesday. Boeing NeXt, the unit responsible for its 'urban air mobility' efforts, resorted to Aurora Flight Sciences - the aviation and aeronautics research subsidiary it acquired in October 2017 - for design and development of the electric vertical takeoff and landing (eVTOL) aircraft and says it will go ahead with testing to advance safety and reliability.

During the flight, the passenger air vehicle (PAV) prototype completed a controlled takeoff, hover and landing which tested its autonomous functions and ground control systems, Boeing says. Future flights will test forward, wing-borne flight and the transition phase between vertical and forward-flight modes. The transition phase typically is the key challenge involved in development of any high speed vertical takeoff and landing aircraft.

First flight of Aurora's own eVTOL aircraft on April 20, 2017

image : Aurora Flight Sciences

Boeing's prototype is designed for fully autonomous flight starting from takeoff to landing, with a range of up to 50 miles (80.47 km). It's 30 feet long and 28 feet wide and features an advanced airframe that integrates the propulsion and wing systems to enable efficient hover and forward flight.

Aurora Flight Sciences was selected as a partner to develop aircraft for Uber's planned flying vehicle program prior to its acquisition by Boeing. It unveiled an autonomous aircraft at the Uber Elevate Summit that held April 2017. Now under Boeing, this test flight marks a step in developing Uber Air which counts other partners like Karem Aircraft, ChargePoint, Mooney, Embraer, Pistrel Aircraft and Bell Helicopter.

A concept video showcasing Aurora's electric vertical takeoff and landing aircraft is embed below :




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