Fly.io raises $37m for its distributed edge delivery network

Fly
Fly.io raises $37m for its distributed edge delivery network
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Application delivery network Fly.io has revealed a $25 million (£20m) Series B that it closed in June, alongside a $12 million (£10m) Series A from last August.

The two rounds of funding will go towards developing the company’s distributed cloud technology as well as hiring new engineers and developers.

Fly.io was founded by Kurt McKay to provide applications more efficiently by placing them closer to the user.

McKay believes that the traditional method of doing this with a content delivery network (CDN) is inefficient, and he started Fly.io to deliver apps close to the end user in what he sees as a more logical solution.

“Applications should run close to end users — full stop — but due to outdated clouds causing complications and high costs, we rarely see that as the case,” said Kurt Mackey, CEO and co-founder of Fly.io.

“Fly.io’s public cloud solves that pain point and with this funding, we’ll be able to continue toward our goal of being the standard for the new cloud stack and improving the developer experience.”

Last year’s Series A was led by Intel Capital, at which time Nick Washburn, senior managing director at Intel Capital, joined Fly.io’s board of directors.

 June’s Series B was led by Andreessen Horowitz with other participants including Dell Technologies Capital, Initialized Capital, and Planetscale’s CEO Sam Lambert.

Martin Casado, general partner at Andreessen Horowitz, said: “Building a solution like Fly requires an incredibly special team — one that not only knows how to build an elegant developer experience but also knows how to build a global platform from networking to servers to software.

“We’re very excited to be a partner as Fly changes cloud-native apps by providing the industry’s leading-edge compute platform.”

Want to learn more about edge computing from industry leaders? Check out Edge Computing Expo taking place in Amsterdam, California and London. 

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