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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

Daimler Leads $170 Million Series E For Sila Nano

image: Daimler

Sila Nanotechnologies (“Sila Nano”) -- a battery startup founded in 2011 by Silicon Valley battery engineers and a Georgia Tech professor of materials science -- has raised $170 million in Series E funding led by Daimler, with participation from new investor 8VC alongside returning investors Sutter Hill Ventures, Siemens Next47, Matrix Partners, Chengwei Capital, and Bessemer Venture Partners.

This funding brings the total raised by Sila Nano to $295 million and values the company at more than $1 billion as confirmed by its CEO Gene Berdichevsky to TechCrunch. Former General Electric CEO Jeff Immelt and Daimler executive Alex Nediger are joining Sila Nano's board as part of this investment.

image: Daimler

Daimler has formed a strategic R&D partnership with Sila Nano thanks to its investment. The German automaker is focusing on the Mercedes-Benz EQ line of electric vehicles for this effort. Mercedes-Benz has previously announced it's putting in around €10 billion ($11.28 billion) towards the expansion of its product portfolio under the EQ brand.

Sila Nano in turn says it'll ramp up production volume, with plans to supply its first commercial customers by next year. The Alameda, Calfornia based company says it'll continue to scale up production with plans to hit the market with its automaker partners Daimler and BMW.



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