Fly.io
YC W20Chicago, US · Founded 2017 · Delaware corporation · 48 employees · 12 known investors
Fly.io provides infrastructure and platform services for deploying and running applications in a distributed, globally-connected environment. The platform serves developers and engineering teams building cloud-native applications.
Also known as Fly · Fly.io
Founders & leadership· Y Combinator alumni (W20)
Fly.io was founded in 2017 by Michael Dwan, Jerome Gravel-Niquet, and Kurt Mackey.

Board


Investors · 12
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$25M disclosed across 1 of 4 rounds · 2021–2026
▶$25MraisedJul 2026 · 6 investors · ComputersRule 506(b)
- Scott JohnstonExecutive Officer, Director
- Matthew CunninghamExecutive Officer
- Kurt MackeyDirector
- Martin CasadoDirector
- Daniel DocterDirector
- Offering amount
- $25M
- Amount sold
- $25M
- First sale
- Jul 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
The YC application· Winter 2020 batch
What they told YC
- What is your company going to make? Please describe your product and what it does or will do.
- The founders are building a global hosting service where developers package their project and deploy it via a CLI, after which the platform scales the application up and down in the cities where their users are located.
Summarized from the founders' answers on their Y Combinator profile.
Company profile
researched Aug 2026Fly.io operates a cloud infrastructure platform for running applications and, increasingly, AI agent workloads on hardware-isolated virtual machines. Its long-standing product, Fly Machines, converts containers into micro-VMs that boot in under a second, run in multiple regions close to users, and can scale out to tens of thousands of instances; the platform is driven by the flyctl command-line tool and supports any workload that can be packaged in a container, alongside persistent volumes, private networking, anycast edge routing, managed Postgres, logs, metrics and TLS certificate provisioning.
The company's current primary focus is "computers for agents." Its Sprites product provides semi-disposable but persistent Linux environments in which an agent gets its own hardware-isolated box that checkpoints itself automatically, sleeps when idle and wakes with its filesystem, running services and installed dependencies intact, with rollback to earlier checkpoints. A Sprite Block Device (in private beta as of the site's description) backs disks with object storage, growing to as much as 100 GB per Sprite with billing based on bytes written, and supports forking or cloning drive templates. Sprites Connectors act as an API gateway holding credentials so that Sprites can reach services such as OpenRouter, GitHub, Slack or arbitrary HTTP APIs without tokens being placed on the machine, with per-Sprite, per-label or per-endpoint permissions and centralized key rotation. Stated use cases include coding agents and harnesses, personal assistant agents, per-tenant MCP servers, execution of untrusted code, and hosting agent-built applications, each of which receives an HTTPS URL.
Fly.io runs its own hardware in colocation facilities rather than reselling hyperscaler capacity, an approach it describes as an economics and margin decision. The company reports 18+ regions on its site, having launched with 19 regions and cited 33 regions in a 2023 blog post; its public status page lists regional availability across North America, Europe, South America, Asia, Africa and Australia.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 7
by search overlapCompanies competing with Fly.io for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 7
launches, deals, and filingsFly.io announced a $25M Series D co-led by Dell Technologies Capital and Intel Capital, with participation from Andreessen Horowitz, EQT, Geodesic and Y Combinator, to accelerate its "computers for agents" strategy. An SEC Form D showed approximately $23.2 million sold of a roughly $25 million target beginning in early July 2026 under a Rule 506(b) offering.
$25M source ↗
Martin Casado, general partner at Andreessen Horowitz, and Daniel Docter, managing director at Dell Technologies Capital, joined Fly.io's board of directors in connection with the Series D.
Former Docker CEO Scott Johnston became CEO and a board member of Fly.io, while founder Kurt Mackey transitioned to an advisory/board role focused on technical vision.
Fly.io introduced Sprites, Firecracker-based persistent Linux environments with instant create/checkpoint/restore, durable object-storage-backed disks, idle-aware metering and credential-holding Connectors. The Sprite Block Device was in private beta.
Fly.io announced an additional $70M round led by EQT Ventures, reported at a roughly $467 million post-money valuation.
$70M source ↗
Fly.io raised $25M from A16Z and existing investors including Intel Capital and Dell in July, as disclosed in a company blog post.
$25M source ↗
Fly.io shipped Fly Machines, hardware-isolated VMs created from containers that can be started via an API call and boot in under a second.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Fly.io Raises $25 Million In Series D Funding Round - SuperbCrewsuperbcrew.com · Aug 2026▸Research sources · 8
primary sources listed
- Fly.iofly.io · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Fly.io do?
- Fly.io runs hardware-isolated Linux VMs and persistent "Sprite" environments for AI agents and globally distributed apps.
- Who founded Fly.io?
- Fly.io was founded by Michael Dwan, Jerome Gravel-Niquet, Kurt Mackey in 2017.
- Who are Fly.io's investors?
- Fly.io's investors include Abstract Ventures, Andreessen Horowitz, Friale, Geodesic Capital, Intel Capital, Page One Ventures, Rising Tide, Ritual Capital and 3 more.
- How much funding has Fly.io raised?
- Fly.io has disclosed $25M raised across 1 of its 4 known rounds.
- Where is Fly.io headquartered?
- Fly.io is headquartered in Chicago, US.







