About DigitalOcean
DigitalOcean provides cloud computing services that enable developers and businesses to build, deploy, and scale applications efficiently. Its platform offers a range of fully managed services, allowing users to focus on software development rather than infrastructure management. DigitalOcean stands out from competitors by emphasizing simplicity, a strong community, and open-source support, making it accessible for startups and small to medium-sized businesses. The company's goal is to empower users to innovate and grow their businesses by providing the tools and support needed to streamline the development process.
New York City, New YorkHeadquarters
2012Year Founded
$168.5MTotal Funding
IPOCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
1,001-5,000Employees
Benefits
Remote-first
Full health coverage
Wellness coverage
Flexible vacation time
Team-building & social events
401(k) plans
ESPP
Education support
Partner support
Employee giving
Risks
Increased competition from Vultr threatens DigitalOcean's market share.
Bare Metal GPUs may increase operational costs, affecting profit margins.
Reopening NYC2 Data Center could lead to increased overhead costs.
Differentiation
DigitalOcean offers a no DevOps required experience for developers.
The company focuses on simplicity and open source to attract developers globally.
DigitalOcean's Bare Metal GPUs cater to demanding AI/ML workloads.
Upsides
Growing demand for cloud-native tools aligns with DigitalOcean's offerings.
Rising adoption of hybrid cloud strategies presents integration opportunities for DigitalOcean.
Expansion of the global developer community enhances DigitalOcean's community-driven support.
Funding
Total raised$168.48 M
Latest valuation$4.50 B
StageIPO
IPO
2/28/2021$775
$4.50 BSERIES C
4/30/2020$50
$1.15 BSERIES B
6/30/2015$83
$415.00 MSERIES A
2/28/2014$37
$185.00 MSEED
6/30/2013$3
$16.00 M