fly.iorevenue, valuation & funding
Infrastructure as a Service (IaaS) ProvidersChicago, IllinoisFounded 2017CEO Kurt Mackey
Fly.io is a cloud computing platform that specializes in deploying and running applications globally.
fly.io revenue
fly.io has not published its revenue. GetLatka estimates it at about $11.2M a year (October 2024).
| As of | Revenue | Source |
|---|---|---|
| Jan 2021 | $882K | – |
| Dec 2023 | $7.6MEST. | GetLatka estimate |
| Oct 2024 | $11.2MEST. | GetLatka estimate |
– source not recorded
fly.io valuation
fly.io is privately held, so there is no fly.io stock to buy. Investors valued it at $467M in June 2023.
Valuation history$467M Series C 2023$397M Series C 2023
fly.io funding rounds & investors
fly.io has raised $110.5M across four rounds since 2020. The latest was a $70M Series C in June 2023, led by EQT Ventures.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Jun 2023 | Series C | $70M | $397M | EQT Ventures | Bloomberg |
| Jul 2022 | Series B | $25M | – | – | |
| Aug 2021 | Series A | $12M | – | – | |
| Apr 2020 | Seed | $3.5M | – | – | |
| Total raised | $110.5M |
fly.io competitors
fly.io competes most directly with DigitalOcean and Vercel.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 DigitalOcean | $901.4M | $150M | 906 | 2012 |
 Vercel | $100M | $863M | 875 | 2015 |
| fly.io | $11.2M | $110.5M | 60 | 2017 |
fly.io CEO, founders & employees
Kurt Mackey founded fly.io in 2017 with Jerome Gravel-Niquet, Michael Dwan and Thomas Ptacek and runs it as CEO. fly.io has 60 employees (December 2024, LinkedIn), down from 68 a year earlier.
- Kurt MackeyCo-founder & CEO
Team mix (Dec 2023): 33 engineers
All 5 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 60 | |
| Oct 2024 | 68 | |
| Dec 2023 | 68 | |
| Jul 2023 | 51 | – |
| Jan 2021 | 9 | – |
fly.io FAQ
How much money does fly.io make?
fly.io has not published its revenue. GetLatka estimates about $11.2M a year (October 2024).
How much is fly.io worth?
Companies don't publish a net worth. The closest figure is fly.io's valuation: $467M, set in Jun 2023.
Who owns fly.io?
fly.io is privately held by its founders, employees and investors, including EQT Ventures.
Is fly.io publicly traded?
No. fly.io is a private company, so its shares are not listed on a stock exchange.
How much funding has fly.io raised?
$110.5M across 4 rounds; the latest was a $70M Series C in June 2023.
Who is the CEO of fly.io?
Kurt Mackey, a co-founder.
Who founded fly.io?
Kurt Mackey, Jerome Gravel-Niquet, Michael Dwan and Thomas Ptacek, in 2017.
How many employees does fly.io have?
About 60 as of December 2024 (LinkedIn).
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How this page is sourced
4 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Jul 3, 2026Data disclaimerReport a correctionClaim this profileRun fly.io? Join the podcast