---
title: "We Raised A Bunch Of Money"
description: "Fly.io announces $25MM from A16Z and existing investors followed by $70MM led by EQT Ventures, and uses the occasion to explain its platform vision. Its central problem is the “two hour” barrier: ordinary tooling makes global deployment, VMs, real-time features, encryption, and clustered databases too difficult to pursue quickly, leaving many applications concentrated in us-east-1. The company’s approach is to build a hardware-backed platform and toolchain spanning many regions, with Fly Machines making on-demand VM creation as straightforward as a function call. Funding will support 33 regions, support and reliability, advanced storage, security capabilities, and new hardware while preserving a self-service experience for containerized applications. The stated user-facing promise is that an existing Docker container can run on Fly.io in single-digit minutes and reach every continent in another minute or two."
---

# We Raised A Bunch Of Money

[Fly.io](https://yomu.fyi/company/fly-io) · Jun 27, 2023

**Type:** Announcement

## Summary

Fly.io announces $25MM from A16Z and existing investors followed by $70MM led by EQT Ventures, and uses the occasion to explain its platform vision. Its central problem is the “two hour” barrier: ordinary tooling makes global deployment, VMs, real-time features, encryption, and clustered databases too difficult to pursue quickly, leaving many applications concentrated in us-east-1. The company’s approach is to build a hardware-backed platform and toolchain spanning many regions, with Fly Machines making on-demand VM creation as straightforward as a function call. Funding will support 33 regions, support and reliability, advanced storage, security capabilities, and new hardware while preserving a self-service experience for containerized applications. The stated user-facing promise is that an existing Docker container can run on Fly.io in single-digit minutes and reach every continent in another minute or two.

## Context

Fly.io argues that many applications would benefit from running close to users, but ordinary tooling makes multi-region deployment too difficult to solve within a short investigation. The company also identifies on-demand VMs, real-time features, encryption, secret storage, clustered databases, and hardware-accelerated inferencing as areas where complexity creates similar barriers.

## Approach / What changed

Fly.io is investing in a platform built on its own hardware fleet, a growing set of regions, and support and reliability work. Its toolchain is intended to make global application deployment and other infrastructure capabilities accessible through straightforward commands or APIs, including Fly Machines for creating VMs on demand.

## Takeaways

- Fly.io reports raising $25MM from A16Z and existing investors including Intel Capital and Dell, followed by an additional $70MM led by EQT Ventures.
- Fly Machines is presented as making the creation of an on-demand VM as straightforward as calling a function, addressing a capability the post describes as difficult to implement quickly.
- Fly.io launched with 19 regions and says it has grown to 33; the company says its own hardware helps make the economics of operating the platform viable.

**Tags:** [Deployment](https://yomu.fyi/topic/deployment), [Edge Computing](https://yomu.fyi/topic/edge-computing), [Fly Machines](https://yomu.fyi/topic/fly-machines)

- Source: [Fly.io](https://fly.io/blog/we-raised-a-bunch-of-money)
- Source URL: https://fly.io/blog/we-raised-a-bunch-of-money
- Ingested by Yomu: 2026-09-03T01:24:35.011Z

[Read original post](https://fly.io/blog/we-raised-a-bunch-of-money)