Edgio

Edgio (formerly known as Limelight Networks) offers edge access and compute, video and content delivery, cloud security, origin storage, and support services for enterprises to optimize and deliver edge applications. 

The company came into existence when Limelight Networks acquired Edgecast, a Yahoo subsidiary, in March 2022 for USD 300 million. The combined entity reportedly offered a global network capacity of over 200 terabytes per second (tbps) and 300 points of presence (PoPs) and was expected to more than double Limelight’s annual revenue. In addition to enhancing Limelight’s existing content delivery solutions, Edgecast also introduces new opportunities for development across over-the-top (OTT) video, cloud security, and enterprise secure access. 

This acquisition followed Edgio acquiring Moov Corporation (which operates as Layer0), a jamstack platform to develop, deploy, preview, split test, and monitor frontends, for USD 55 million. Edgio leveraged the acquisition to enable users to preview content and install applications instantly via its edge platform. 

In May 2024 , Edgio launched an Attack Surface Management solution (ASM). The tool aims to discover web assets, provide an inventory of technologies, identify security exposures, and manage the response to these exposures. 

Key customers and partnerships

As of March 2022, the company served a number of Fortune 500 clients including technology companies such as Sony, Amazon, and Microsoft as well as broadcasting and streaming services such as BBC, Fox, Peacock, and Hulu. 

In February 2024, Edgio partnered with KPS, a company providing customer-centric business transformation, to support online retailers in transitioning to a composable web architecture.

In November 2023, Edgio teamed up with Wurl, a prominent provider of data-driven solutions for Connected TV, to provide worldwide FAST syndication through Edgio's Uplynk service.

Funding and financials

Edgio generated USD 338.6 million in revenue in 2022, however, was yet to turn profitable as it recorded a non-GAAP operating loss of USD 47.1 million. The company has guided for revenue to reach USD 392-398 million in 2023 (up 75–79% YoY).

In November 2023, Edgio secured a USD 66 million capital infusion backed by Lynrock Lake Master Fund LP. The funds were to be used to enhance its financial flexibility, expand its capabilities, and scale its operations.