Daytona, a San Francisco-based startup building cloud infrastructure for AI agents, has raised a $60 million Series B at a $1 billion valuation.
That makes a company founded in 2023 a unicorn. Its pitch is simple: software agents need a place to do their jobs, and the existing cloud wasn’t designed with them in mind.
The company announced the round on Tuesday. FirstMark led the deal.
Who wrote the checks
The cap table reads like a who’s who of founder-CEOs. Patrick Collison of Stripe, Tobi Lütke of Shopify, Aravind Srinivas of Perplexity, Adam D’Angelo of Quora and Eric Yuan of Zoom all joined the round.
Strategic money came too. Qualcomm Ventures, Samsung Next and Okta Ventures took part.
FirstMark is no newcomer here. The firm also led Daytona’s $24 million Series A, making this at least its second time leading a priced round for the company.
Before that, Daytona raised a pre-seed of about $2 million in 2023 and a $5 million seed in 2024. The climb from a roughly $2 million pre-seed to a $1 billion valuation took only a few years.
What Daytona actually sells
Daytona’s core product is a programmable “sandbox,” an isolated computing environment where an agent can execute code, call tools and manage workflows on its own.
The company describes these sandboxes as secure and elastic. Elastic means they scale up or down depending on how much work is coming in, which matters when one agent can spawn many tasks at once.
Cofounder and CEO Ivan Burazin’s argument is that traditional cloud providers built their platforms around human developers and long-running applications. Agents behave differently, launching short-lived jobs in huge volumes and needing fast provisioning.
Daytona started out building development environments for human programmers. It later pivoted toward agent-scale workloads, a bet that its next big customer base would not be people at all.
The pivot appears to have paid off quickly. Daytona reached $1 million in forward annual recurring revenue in under 50 days after launch, and $3 million in ARR within 95 days of shifting to agent-native infrastructure.
It did that without a dedicated sales team. The growth has been product-led, meaning developers find the tool, try it, and pay for more.
Customers include Meta, Cohere and Fortune 100 enterprises. For a startup with roughly 30 employees, that is a client list most enterprise software companies spend years chasing.
The team behind it
Burazin cofounded Daytona with Vedran Jukic, who serves as CTO, and Goran Draganić. The company has operations tied to Croatia alongside its US presence.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.