About DigitalOcean
DigitalOcean is a company based in New York (United States) founded in 2011.. DigitalOcean has raised $173.73 million across 10 funding rounds from investors including Barclays, HSBC and East West Bank. The company has 1,210 employees as of December 31, 2024. DigitalOcean has completed 4 acquisitions, including Cloudways, Nimbella and Paperspace. DigitalOcean offers products and services including Droplets, Kubernetes, App Platform, Managed Databases, and GenAI Platform. DigitalOcean operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and Odoo, among others.
- Headquarter New York, United States
- Employees 1210 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Digitalocean Holdings, Inc.
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Annual Revenue
$780.62 M12.66as on Dec 31, 2024
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Net Profit
$84.49 M335.32as on Dec 31, 2024
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EBITDA
$221.06 M40.99as on Dec 31, 2024
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Total Equity Funding
$173.73 M (USD)
in 10 rounds
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Latest Funding Round
$1.5 B (USD), Post-IPO
Nov 01, 2021
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Investors
Barclays
& 13 more
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Employee Count
1210
as on Dec 31, 2024
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Investments & Acquisitions
Cloudways
& 3 more
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IPO & Listings of DigitalOcean
DigitalOcean is a publicly listed company on the NYSE with ticker symbol DOCN in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of DigitalOcean
DigitalOcean offers a comprehensive portfolio of products and services, including Droplets, Kubernetes, App Platform, Managed Databases, and GenAI Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Scalable virtual machines for web and VPS hosting needs
Managed solution for scaling applications with high availability
Fully-managed platform to deploy apps quickly and cost-effectively
Automated databases like MongoDB for scalable data management
Platform for building and deploying AI agents with third-party models
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Funding Insights of DigitalOcean
DigitalOcean has successfully raised a total of $173.73M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.5 billion completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $1.5B
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First Round
First Round
(09 Aug 2012)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Post-IPO - DigitalOcean | Valuation |
investors |
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| May, 2020 | Amount | Series C - DigitalOcean | Valuation | Access Industries | |
| Feb, 2020 | Amount | Debt – Conventional - DigitalOcean | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DigitalOcean
DigitalOcean has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Barclays, HSBC and East West Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and holding company controlled by Len Blavatnik
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Tech-focused VC firm funding companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DigitalOcean
DigitalOcean has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cloudways, Nimbella and Paperspace. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Serverless cloud applications are developed and monitored on the platform.
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2018 | ||||
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Cloud-based server backup management software is provided for various platforms.
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2017 | ||||
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Cloud-based platforms for machine learning development are provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DigitalOcean
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digitalocean Comparisons
Competitors of DigitalOcean
DigitalOcean operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and Odoo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Digitalocean
Frequently Asked Questions about DigitalOcean
When was DigitalOcean founded?
DigitalOcean was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is DigitalOcean located?
DigitalOcean is headquartered in New York, United States. It is registered at New York, New York, United States.
Is DigitalOcean a funded company?
DigitalOcean is a funded company, having raised a total of $173.73M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100M, raised on Aug 09, 2012.
How many employees does DigitalOcean have?
As of Dec 31, 2024, the latest employee count at DigitalOcean is 1,210.
What is the annual revenue of DigitalOcean?
Annual revenue of DigitalOcean is $780.62M as on Dec 31, 2024.
What does DigitalOcean do?
Cloud based integrated application development platform. It provides a cloud computing platform to build, deploy, and scale cloud applications. It provides compute, object storage, networking, and tools to deploy infrastructure. It provides a control panel and API for developers to manage the infrastructure.
Who are the top competitors of DigitalOcean?
What products or services does DigitalOcean offer?
DigitalOcean offers Droplets, Kubernetes, App Platform, Managed Databases, and GenAI Platform.
Is DigitalOcean publicly traded?
Yes, DigitalOcean is publicly traded on NYSE under the ticker symbol DOCN.
How many acquisitions has DigitalOcean made?
DigitalOcean has made 4 acquisitions, including Cloudways, Nimbella, and Paperspace.
Who are DigitalOcean's investors?
DigitalOcean has 14 investors. Key investors include Barclays, HSBC, East West Bank, Fortress Investment, and Webster Bank.
What is DigitalOcean's ticker symbol?
The ticker symbol of DigitalOcean is DOCN on NYSE.
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