Loading organizations...
§ Public · New York City, NY, USA
Cloud computing solutions provider offering virtual machines and managed hosting for developers and small-to-medium businesses.
DigitalOcean has raised $466.2M across 9 funding rounds.
Key people at DigitalOcean.
DigitalOcean has raised $466.2M in total across 9 funding rounds.
DigitalOcean is a New York City-based cloud computing provider that offers infrastructure solutions, including virtual machines and managed hosting, for developers and small-to-medium businesses. Prior to its 2021 initial public offering on the New York Stock Exchange, the enterprise reached an estimated $1.15 billion valuation and scaled its operations to support over 500,000 global customers with a workforce of nearly 500 employees. The platform operates on a subscription-based revenue model with transparent pricing, delivering core products such as Droplets, Kubernetes, and GPU infrastructure. The publicly traded company received early financial backing from prominent venture capital firms including Andreessen Horowitz and Techstars, and expanded its market presence by acquiring managed cloud hosting provider Cloudways for $350 million in 2022. DigitalOcean was founded in 2011 by Ben Uretsky, Moisey Uretsky, Mitch Wainer, Jeff Carr, and Alec Hartman.
Key people at DigitalOcean.
DigitalOcean Holdings, Inc. (NYSE: DOCN) is a cloud infrastructure-as-a-service (IaaS) provider that builds simple, developer-friendly platforms including Droplets (virtual machines), managed databases (MySQL, PostgreSQL, Redis), Kubernetes (DOKS), storage, load balancers, and networking tools.[1][2][3] It serves individual developers, startups, and small-to-medium businesses (SMBs) who find hyperscale providers like AWS or Azure too complex or costly, solving the problem of accessible, affordable cloud computing to let users focus on building innovative software.[1][2][4] With over 570,000 customers globally as of its 2021 IPO and a mission to "simplify cloud and AI so builders can spend more time creating software that changes the world," DigitalOcean emphasizes cost efficiency, word-of-mouth growth via developer communities, and rapid scalability.[1][3][4][5]
The company has shown strong growth momentum, from 400 customers post-TechStars in 2012 to unicorn status ($1.15B valuation) by 2021, with expansions into AI tools, acquisitions like Paperspace and Cloudways, and 15 global data centers.[2][4][6] It went public in 2021, fueling further product innovation amid rising cloud demand, especially during COVID-19 transitions.[5][6]
DigitalOcean was founded in 2011 (launched 2012) in New York City by brothers Ben and Moisey Uretsky—drawing from their 2003 ServerStack managed hosting experience—along with Jeff Carr, Alec Hartman, and Mitch Wainer, targeting entrepreneurial developers underserved by complex cloud options.[1][2][6] The idea emerged from combining web hosting with simple virtual servers; after TechStars Boulder accelerator in 2012, they gained 400 customers and launched 10,000 instances, hitting 10,000 customers by 2013 via SSD-based Droplets and viral TechCrunch/Hacker News buzz.[1][2]
Pivotal moments included $37.2M Series A in 2014, global data center expansions (Amsterdam 2013, Singapore/London 2014, Toronto/Frankfurt 2015, Bangalore 2016), Kubernetes launch in 2018, unicorn status, and NYSE IPO in 2021 under CEO Yancey Spruill, growing to ~500 employees and 570,000+ customers.[1][2][4][5][6] Now headquartered in Broomfield, Colorado (previously New York), it remains remote-first with 1,000-2,000 employees.[2][3]
DigitalOcean rides the cloud democratization and AI boom, targeting the "long tail" of developers/SMBs (millions underserved by Big Three clouds) amid exploding app/container demand post-COVID.[2][5][6] Timing aligns with Kubernetes/containerization rise (launched 2018) and AI accessibility needs, with global data centers reducing latency for non-US users (2/3 of customers international).[1][2][6] Market forces like SMB digital transformation and hyperscaler fatigue favor its niche; it influences the ecosystem via Hacktoberfest (boosting open-source), acquisitions expanding to PaaS/AI, and IPO-fueled innovation, enabling faster startup growth without vendor lock-in.[2][4][5]
DigitalOcean will likely deepen AI/cloud simplification via integrations (e.g., Managed Kafka, Premium Droplets) and acquisitions, targeting sustained SMB/developer growth in a multi-cloud world.[4] Trends like edge AI, serverless, and remote work will shape it, potentially evolving influence through ecosystem tools that empower innovators. As a proven scaler from TechStars to public markets, it remains poised to "grow faster, smarter, together," fulfilling its founding vow to democratize cloud for world-changing software.[5][6]
DigitalOcean has raised $466.2M across 9 funding rounds. Most recently, it raised $50.0M Series C in May 2020.
DigitalOcean has raised $466.2M in total across 9 funding rounds.
DigitalOcean's investors include Pueo Keffer, 83North, Kevin Hartz, ACME Capital, Ambridge Capital, Andreessen Horowitz, Bolt, DST Global, FirstMark Capital, G20 Ventures, General Atlantic, General Catalyst.
