Daytona raises $60 million at a $1 billion valuation

The Series B was led by FirstMark Growth and valued Daytona at $1 billion.[1] The round added $60 million, taking the company’s total funding to $91 million.[1] CEO Ivan Burazin told Fortune that about $50 million of the round came from existing investors.[2] Daytona also said the round included investments from founders and executives at Stripe, Shopify, Perplexity, Zoom, Datadog, Quora and Mercor.[1] Qualcomm Ventures, Samsung Next and Okta Ventures participated as strategic investors.[1]

Daytona calls its product an Agent Execution Cloud, describing it as an execution layer of computers, browsers, storage and other tools that agents need to work.[1] The company says agents need secure environments to run code, call tools, browse the web and learn through reinforcement learning.[1] Tech.eu describes Daytona’s platform as providing secure, isolated computing environments where agents can execute code, use software tools and perform tasks.[3] Daytona says the platform supports Linux, Windows, macOS and GPU sandboxes.[1] It also says customers can use the platform to train and evaluate models, and deploy and manage agents in production.[3]

Burazin told Fortune that Daytona can configure a new agent sandbox in 60 milliseconds, while the process can take 30 seconds to many minutes depending on configuration complexity.[2] Fortune reported that Daytona pre-distributes snapshots of configured machines onto servers’ physical drives.[2] The platform also lets agents clone a running computer to try different approaches in parallel.[2] Daytona says an agent’s computer needs to start in milliseconds, pause with its state intact, fork into parallel copies and disappear when its job is done.[1] The company argues existing cloud infrastructure was designed for long-lived services rather than agents’ short, stateful jobs.[1]

Daytona counts Anthropic, OpenAI, Nvidia, Cursor, Cognition, Meta and Cohere among its customers, according to Fortune.[2] The company says customer Snorkel has provisioned more than one million sandboxes on the platform.[2] Burazin told Fortune that Daytona’s revenue run rate grew 25-fold between January and September, and that it had grown an average of 50.9% each month.[2] Daytona separately reported average month-over-month net revenue retention of about 135%.[1] The company says most of the new funding will go to go-to-market sales hiring, with some going to engineers, and that it is hiring on site in San Francisco across engineering, go-to-market and operations.[2][1]