Fly.io is a privately held company based in Chicago, Illinois, founded in 2017. It operates as a developer-focused public cloud platform, enabling full-stack applications and databases to run close to end users across a globally distributed footprint. Fly.io has raised significant funding, including a $12 million Series A led by Intel Capital and a $25 million Series B led by Andreessen Horowitz. The company has 72 employees and offers services such as Fly Machines, Managed Postgres, and Phoenix.new. Its top competitors include companies like Netlify, OutSystems, and Vercel.
Fly.io Corporate Details & Core Services
Fly.io is a developer-focused public cloud platform that enables full-stack applications and databases to run close to end users across a globally distributed footprint. Built on Firecracker microVMs, Anycast networking, and a Rust-based proxy, it offers rapid, API-driven 'Fly Machines' for low-latency, scalable compute—including GPU-backed workloads—and a managed PostgreSQL service emphasizing data locality.
Pay-as-you-go, Compute: $0.00000075/sec for shared-cpu-1x 256MB, Storage: $0.15/GB per month, Data transfer: $0.02/GB in North America & Europe
How much funding has Fly.io raised to date?
Name
Description
Funding Amount
USD 70
Stage
Series C
Latest Valuation
467 Million (USD)
Lead Investor
EQT Ventures
Investors
EQT Ventures, Andreessen Horowitz, Dell Technologies Capital, Intel Capital
What are Fly.io's Core Products?
Name
Description
Fly Machines
Hardware-virtualized containers that launch instantly and run only when needed, enabling developers to deploy applications globally with sub-100ms response times.
Sprites
Hardware-isolated sandboxes for running AI-generated code safely, providing self-contained environments ready for action in under a second.
Managed Postgres
A managed PostgreSQL service offering automatic backups, high availability, performance monitoring, and resource scaling.
Phoenix.new
A tool for quickly generating new Phoenix applications, streamlining the development process for Elixir-based web applications.
What are the latest developments at Fly.io?
Date
Type
Description
01, 2026
Product Launch
Fly.io introduces Sprites, lightweight virtual machines based on Firecracker, designed to isolate coding agents in their own environment.
06, 2023
Funding
Fly.io raises $70 million in Series C funding led by EQT Ventures, with participation from existing investors including Andreessen Horowitz, Dell Capital, and Intel Capital.
07, 2022
Funding
Fly.io secures $12 million in Series A funding led by Intel Capital and $25 million in Series B funding led by Andreessen Horowitz.
What industry awards and recognitions has Fly.io received?
Date
Type
Description
,
Market Ranking
Fly.io recognized as the 7th most popular deployment platform on the web, with a 2.5% market share.
Fly.io VS Heroku VS Netlify VS Render VS Railway VS Vercel : 2026 Comparison