Cloud Startup Fly.io Raises $70 Million in EQT-Led Round

  • Andreessen, Intel Capital and Dell Technologies contribute
  • Firm set to benefit from AI buzz with Nvidia GPU offering

Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing units

Photographer: I-Hwa Cheng/Bloomberg
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Fly.io, a tech startup whose public cloud infrastructure enables developers to deploy applications, has raised $70 million in a funding round that values the company at $467 million.

The Series C round was led by EQT Ventures, with participation from existing investors Andreessen Horowitz, Dell Technologies Capital and Intel Capital.