Fly.io Closes $37M Series A and Series B Funding Rounds, Plans to Hire

July 28, 2022
Fly.io Closes Series A and Series B Funding Rounds Plans to Hire
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Finding servers for small companies and independent developers to run their applications can be hard. Often services are too expensive and the alternative, running applications from their computers, tends to result in a horrible user experience. Fly.io has a solution for small companies and it recently secured new funding. 

On Thursday, Fly.io announced the closing of two funding rounds, a $12 million Series A round led by Intel Capital and a $25 million Series B round led by Andreessen Horowitz.

Founded in 2017, Fly.io helps companies and software developers launch and run their applications. Through a worldwide network of servers, from the U.S. to South Eastern Asia, clients can host their applications on servers with low latency speed and affordable prices. 

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With Fly.io, small applications under 3GB of volume are free to run. From there, pricing goes up depending on the RAM and number of CPUs needed to carry out hosting requirements. Some of the tech companies that currently use Fly.io’s network services include Cars.com, Supabase and Fanatics, among others.   

“Applications should run close to end users — full stop — but due to outdated clouds causing complications and high costs, we rarely see that as the case,” Kurt Mackey, CEO and co-founder of Fly.io, said in a statement. “Fly.io’s public cloud solves that pain point and with this funding, we’ll be able to continue toward our goal of being the standard for the new cloud stack and improving the developer experience.”

Prior to founding Fly.io, Mackey launched and sold another startup to IBM. He started Fly.io to help smaller companies gain access to delivery networks that are similar in speed and reliability to the ones major tech companies such as Netflix and Google use.

With the newly announced capital, Fly.io has now raised $40.5 million in venture funding and is looking to launch new hiring initiatives for engineer and developer talent. There are currently several openings on Fly.io’s website. The company is also looking to expand its regional footprint.

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