fly.iorevenue, valuation & funding
Cloud Platform as a Service (PaaS) SoftwareChicago, 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).
All 3 revenue readings, with sources
| 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 | $200M | $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 had 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
What is fly.io's revenue?
GetLatka estimates fly.io's revenue at about $11.2M a year (October 2024). The company hasn't published its own figure.
What is fly.io's valuation?
Investors valued fly.io at $467M in June 2023, according to Bloomberg.
How much funding has fly.io raised?
fly.io has raised $110.5M across four funding rounds. The latest was a $70M Series C in June 2023, led by EQT Ventures.
Who owns fly.io?
fly.io is privately held. Its lead investors include EQT Ventures.
How many employees does fly.io have?
fly.io had 60 employees in December 2024, according to LinkedIn.
Who is the CEO of fly.io?
Kurt Mackey is the CEO of fly.io and co-founded the company in 2017.
Who founded fly.io?
Kurt Mackey, Jerome Gravel-Niquet, Michael Dwan and Thomas Ptacek founded fly.io in 2017.
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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 Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun fly.io? Join the podcast