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DigitalOcean

DigitalOcean

Digital Ocean is a cloud computing infrastructure provider that is used by developers to build, test, manage, and scale applications of any size.

Overview

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.

Funding

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.

IPO

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.

Timeline

March 24, 2021
DigitalOcean prices its IPO at $47 per share
May 14, 2020
DigitalOcean closes a $50m Series C funding.
May 14, 2020
DigitalOcean raises a $50,000,000 series C round from Access Industries.
February 20, 2020
DigitalOcean raises a $100 million in new debt from a group of investors, bringing its 2016-era debt raise to a total of around $300 million.
February 2020
DigitalOcean raises $50M in funding and is valued at $1.15 Billion.
July 30, 2019
DigitalOcean appoints former SendGrid COO and CFO Yancey Spruill as its new CEO and former EnerNOC CFO Bill Sorenson as its new CFO.
March 2014
DigitalOcean raises a $37,200,000 series A round from Andreessen Horowitz, CrunchFund and IA Ventures.
July 15, 2013
DigitalOcean raises a $3,205,800 seed round from CrunchFund, IA Ventures and Techstars.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
DigitalOcean seed round, July 2013
3,205,800
July 15, 2013
4 Results
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People

Name
Role
LinkedIn

Alec Hartman

Founder

Ben Uretsky

Founder

Brad Gillespie

Board member

Jason Seats

Board member

Jeff Carr

Founder

JP O'Brien

Advisor

Julia Austin

Advisor

Mitch Wainer

Founder

Moisey Uretsky

Founder

Nicole Glaros

Investor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Zack Whittaker
April 28, 2021
TechCrunch
The data breach happened between April 9-22.
Sophia Kunthara
March 24, 2021
Crunchbase News
Cloud computing startup DigitalOcean made its public market debut on Wednesday, opening at $41.50, or nearly 12 percent below its IPO price.
Alex Wilhelm
March 24, 2021
TechCrunch
Covering YC Demo Day yesterday was good fun, but I missed a few items while watching several hundred startup pitches. A few years ago, these stories might have been the biggest news of the week. But with the venture capital market red-lining its engines while public markets remain sympathetic to growing, unprofitable companies, there's lots [...]
Alex Wilhelm
March 15, 2021
TechCrunch
Let's explore both companies' pricing intervals through our usual lens of revenue multiples, market comps and general sass.
Walter Thompson
February 26, 2021
TechCrunch
When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said [...]
Sophia Kunthara
February 26, 2021
Crunchbase News
Cloud computing company DigitalOcean filed for a $100 million IPO on Thursday, revealing growing revenue and steady losses.
Alex Wilhelm
February 25, 2021
TechCrunch
This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol "DOCN." DigitalOcean's offering comes amidst a hot-streak for tech IPOs, and valuations that are stretched by historical norms. The cloud hosting company was joined [...]
Shiven Ramji, Chief Product Officer, Auth0
November 27, 2020
InformationWeek
Developers and technologists are increasingly being given a
Alex Wilhelm
May 14, 2020
TechCrunch
Earlier today, DigitalOcean announced that it raised $50 million more from prior investors Access Industries and Andreessen Horowitz. The capital comes after the SMB and developer-focused cloud infrastructure company raised nine-figures worth of debt back in February. DigitalOcean is a large private company that generated revenue at a run rate of around $250 million towards [...]
Mary Ann Azevedo
May 14, 2020
Crunchbase News
Access Industries led the financing, which included participation from Andresseen Horowitz (a16z).
FinSMEs
May 14, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Alex Wilhelm
February 20, 2020
TechCrunch
DigitalOcean, a cloud infrastructure provider targeting smaller business and younger companies, announced today that it has secured $100 million in new debt from a group of investors, bringing its 2016-era debt raise to a total of around $300 million. The company's nearly $200 million debt raise in 2016 was preceded by an $83 million Series [...]
Ingrid Lunden
January 17, 2020
TechCrunch
After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially between 30 and 50 people affected. DigitalOcean has confirmed the news with the following statement: "DigitalOcean recently announced a restructuring to better align its teams to its [...]
Frederic Lardinois
July 30, 2019
TechCrunch
DigitalOcean, the cloud infrastructure service that made a name for itself by focusing on low-cost hosting options in its early days, today announced that it has appointed former SendGrid COO and CFO Yancey Spruill as its new CEO and former EnerNOC CFO Bill Sorenson as its new CFO. Spruill will replace Mark Templeton, who only [...]

References

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