New York, NY – June 28, 2023 – Fly.io, a remote app delivery network company, today announced that it has raised $70 million in Series C funding. The round was led by EQT Ventures with participation from existing investors including Andreessen Horowitz, Dell Capital, and Intel Capital.
The funding will help Fly.io scale its regional presence, expand its server infrastructure and launch GPUs to support AI applications. The company will also use the funding to continue to develop its platform and make it even easier for developers to deploy and manage applications globally.
“A lot of the hiring we’ve done so far has been just to make it really, really reliable and then to make sure we can sustainably grow this stuff,” Mackey said in an interview. “I think expansion plans are probably mostly go-to-market.”
Fly.io is a public cloud built specifically for developers. It allows developers to deploy an application globally in under 2 hours and scale it up or down as needed. Fly.io is compatible with a wide range of programming languages and frameworks, making it easy for developers to use their existing skills and tools.
The company’s remote app delivery network (RADN) is designed to improve the performance and reliability of applications by delivering them closer to users. Fly.io’s RADN is currently available in 37 regions around the world, and the company plans to expand to even more regions in the future.
The funding announcement comes at a time of rapid growth for the remote app delivery market. The global market for RADN is expected to reach $27.5 billion by 2025, according to a recent report by Grand View Research.
Fly.io is well-positioned to capitalize on this growth. The company has a strong team of experienced engineers and a proven track record of success. Fly.io is also backed by a strong group of investors, including some of the most well-respected venture capital firms in the world.
With this new funding, Fly.io is poised to become a leading player in the remote app delivery market. The company is well-positioned to help developers deploy and manage applications globally, and it is well-funded to execute its growth plans.
Deal Table
| Key People | Investors | Amount Invested | Sector | Funding Round |
|---|---|---|---|---|
| Kurt Mackey, CEO | EQT Ventures, Intel Capital, Andreessen Horowitz, Dell Capital | $70M | Cloud Computing | Series C |
Other notable startups in the Cloud Computing Industry
- Vercel: Vercel is a platform that helps developers deploy and scale their web applications. It offers a variety of features, including global CDN, serverless functions, and automatic deployments.
- Cloudflare Workers: Cloudflare Workers is a serverless platform that allows developers to run code in Cloudflare’s global network of data centers. It offers a variety of features, including low latency, high availability, and security.
- Netlify: Netlify is a platform that helps developers deploy and scale their static websites and web applications. It offers a variety of features, including automatic deployments, global CDN, and SSL certificates.
What is a Remote App Delivery Network do?
A remote app delivery network (RADN) is a type of application delivery network (ADN) that delivers remote applications to users. Remote applications are applications that are hosted on a remote server and are accessed by users over a network connection. RADNs use a variety of technologies to optimize the delivery of remote applications, including load balancing, caching, and compression. This can improve the performance, availability, security, and cost-effectiveness of remote applications.
