Cloud Startup Fly.io Raises $70 Million in EQT-Led Round (1)

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.

“It really feels like a lot of developers and increasingly, enterprises, are tired of public cloud hegemony and are ready for a breath of fresh air, which I think Fly really offers,” Laura Yao, a partner at EQT Ventures, said in an interview.

Fly, which ...