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
Locked
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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 M (USD)12.66as on Dec 31, 2024
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Net Profit
$84.49 M (USD)335.32as on Dec 31, 2024
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EBITDA
$221.06 M (USD)40.99as 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.
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
People of DigitalOcean
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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.
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.
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Investment and holding company controlled by Len Blavatnik
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Tech-focused VC firm funding companies in the US
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Investor details for DigitalOcean
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Investments & Acquisitions by DigitalOcean
DigitalOcean has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cloudways, Nimbella and Paperspace.
Investment portfolio details for DigitalOcean
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- Portfolio identities
- Transaction dates
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| 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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Cloud-based server backup management software is provided for various platforms.
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Cloud-based platforms for machine learning development are provided.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for DigitalOcean
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- Domains and locations
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Financial Statements - DigitalOcean
Detailed financials for DigitalOcean
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- Profit trends
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Digitalocean Comparisons
Peer comparison for DigitalOcean
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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.
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High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Open-source business management software is developed with integrated modules.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Detailed competitors of DigitalOcean
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Latest news on Digitalocean
Complete news archive for DigitalOcean
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about DigitalOcean
DigitalOcean was founded in 2011 and raised its 1st funding round 1 year after it was founded.
DigitalOcean is headquartered in New York, United States. It is registered at New York, New York, United States.
DigitalOcean is a funded company, having raised a total of $173.73M across 10 funding rounds to date.
As of Dec 31, 2024, the latest employee count at DigitalOcean is 1,210.
Annual revenue of DigitalOcean is $780.62M as on Dec 31, 2024.
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.
DigitalOcean offers Droplets, Kubernetes, App Platform, Managed Databases, and GenAI Platform.
Yes, DigitalOcean is publicly traded on NYSE under the ticker symbol DOCN.
DigitalOcean has made 4 acquisitions, including Cloudways, Nimbella, and Paperspace.
DigitalOcean has 14 investors. Key investors include Barclays, HSBC, East West Bank, Fortress Investment, and Webster Bank.
The ticker symbol of DigitalOcean is DOCN on NYSE.