# Fly.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fly-io

- Industry: IT Infrastructure
- Headquarters: Chicago, US
- Website: www.fly.io
- Total disclosed funding: $134M
- Latest round: Series D (Jul 7, 2026)
- Investors on record: 12

## About

Fly.io, Inc. is a Chicago-based cloud computing company that specializes in providing innovative solutions for scalable application deployment through its advanced product offerings. Founded in 2016, Fly.io, Inc. offers cloud computing services that enable developers to deploy applications globally with low latency. The company has evolved its operations to focus on delivering robust cloud solutions without any known changes in its business strategy. The founders, Jérôme Gravel-Niquet and Michael Dwan, have prior startup experience. Fly.io also announced that Scott Johnston has joined as CEO and a member of the board. In July 2026, Fly.io, Inc. raised USD 25 million in series D funding co-led by Dell Technologies Capital and Intel Capital, Andreessen Horowitz, EQT, Y Combinator, and Geodesic Capital.

Fly.io provides innovative cloud computing solutions through its core product, Fly Machines, which are hardware-virtualized containers designed for running Docker images in a highly scalable environment. These sandboxes can be deployed in milliseconds and handle a range of workloads from single HTTP requests to long-term applications. The technology offers dynamic request routing for individual users or robots, enhancing user experience and operational efficiency. Fly Machines operate on a custom-built global cloud infrastructure across 35 regions, catering to developers and organizations seeking scalable application deployment. Additionally, Fly.io offers persistent storage solutions such as Fly Volumes and Fly Managed Postgres, addressing diverse data handling needs.Fly.io generates revenue through a consumption-based pricing model aligned with its cloud service offerings, particularly through Fly Machines and related storage solutions. Clients utilize the Fly Proxy for dynamic routing to leverage dedicated sandboxes, ensuring billing corresponds to actual compute usage. Paid support packages are available, providing access to engineering assistance, further establishing additional revenue streams. The pricing structure typically involves tiered pricing based on usage metrics, allowing clients to select options that fit their operational needs and budget.

The company will use the July 2026 funding to build the next generation of AI infrastructure purpose-built for agents, expanding its connected computing platform with durable storage, secure connectivity, and scalable infrastructure for production AI applications.

## Funding rounds

- Series D, Jul 7, 2026, $23M — EQT, Intel Capital, Andreessen Horowitz, Y Combinator, Geodesic Capital, Dell Technologies Capital
- Series C, Jun 27, 2023, $70M — EQT, Intel Capital, Andreessen Horowitz, Dell Technologies Capital
- Series B, Jun 1, 2022, $25M — Andreessen Horowitz, Initialized Capital, Dell Technologies Capital
- Series A, Aug 1, 2021, $12M — Intel Capital
- Seed, Apr 10, 2020, $3.5M — SV Angel, Y Combinator, Initialized Capital, Fuel Capital, Liquid 2 Ventures, Elysium Venture Capital, Rebel Fund

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series D
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series B
- Fuel Capital — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Elysium Venture Capital (https://capitalatlas.ai/funds/elysium-venture-capital) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series D
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series B, Series C, Series D
- EQT (https://capitalatlas.ai/funds/eqt) — Series C, Series D
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series D