Founded on June 24, 2011, by Alec Hartman, Moisey Uretsky, Mitch Wainer, Jeff Carr, and Ben Uretsky, DigitalOcean is an American cloud computing infrastructure provider. The company is headquartered in New York City, New York. Additional locations are located in Amsterdam, Singapore, London, Bangalore, Toronto, and Frankfurt. The company provides developers with cloud services that help deploy and scale applications that run simultaneously on multiple devices.
DigitalOcean raised fourteen different funding rounds prior to its initial public offering (IPO) in March 2021. The company's total funding had reached $455.6 Million prior to IPO with participating investors like IA Ventures, Andreessen Horowitz, Access Industries, Access Technology Ventures, Fortress Investment Group, Trinity Capital, and more.
On March 24, 2021, DigitalOcean emerged on the New York Stock Exchange, becoming a publicly traded company with an initial offering of $47 per share.