About Paperspace
Paperspace is a Technology company based in Brooklyn (United States) founded in 2014 by Daniel Kobran and Dillon Erb, and was acquired by DigitalOcean in July 2023. It operates as a cloud-based platforms for machine learning development are provided. Paperspace has raised $28.88 million across 7 funding rounds from investors including DigitalOcean, Battery Ventures and SineWave Ventures. The company has 20 employees. Its chief executive is Dillon Erb. Its website paperspace.com draws about 263 thousand monthly visits. Paperspace offers products and services including Gradient and Core. Its focus areas include High Tech, AI Infrastructure, Machine Intelligence Systems and Machine Learning Platforms. Its legal entity is PAPERSPACE CO. Its competitors include Odoo, Kony, Veritone, OutSystems and Anyscale and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Paperspace was founded in 2014 in Brooklyn, United States, and operates within the cloud computing sector focused on machine learning. Virtual desktops are provisioned within minutes and accessed through web browsers, enabling personal computers to utilize cloud resources similarly to Chromebook models. A dedicated device for internet-based connections to the platform is also available, supporting remote development workflows.
- Headquarters Brooklyn, United States
- Employees 20
- Founders Daniel Kobran, Dillon Erb
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website paperspace.com
- Social LinkedIn X Facebook Instagram
- Acquired by DigitalOcean (Jul 2023)
- Legal Name Paperspace Co.
- Total Equity Funding$28.88M (USD)
in 7 rounds
- Latest Funding Round$6.18M (USD), Series A
May 2021
- InvestorsDigitalOcean
& 10 more
- Employee Count20
- Acquired byDigitalOcean
(Jul 2023)
Products & Services of Paperspace
Paperspace offers a comprehensive portfolio of products and services, including Gradient and Core.
Develops, trains, and deploys AI models on cloud GPUs.
Offers hosted desktops for individuals and organizations.
Funding Insights of Paperspace
Paperspace has successfully raised a total of $28.88M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $6.18 million completed in May 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 $28.88M
- Total Rounds 7
- Last Round Series A — $6.18M
- First Round $120,000
(Mar 2015)
- Investors Count 10
All 7 funding rounds of Paperspace with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $6.18M | Series A | – | – | – |
| Oct 2018 | $13M | Series A | – | Battery Ventures, SineWave Ventures | – |
| Oct 2016 | $4M | Series A | – | Ludlow Ventures, DCVC | – |
| Apr 2016 | $2.78M | Seed | – | – | – |
| Apr 2015 | $2.8M | Seed | – | – | – |
| Mar 2015 | – | Seed | – | Zillionize | – |
| Mar 2015 | $120,000 | Seed | – | Y Combinator | – |
11 investors in total: 10 institutional and 1 angel.
Investors in Paperspace
Paperspace has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include DigitalOcean, Battery Ventures and SineWave Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in technology companies are conducted globally by Battery Ventures. | – | battery.com | - | |
US focused early stage VC firm | – | sinewave.vc | Mclean, United States | |
Focus by Sorenson Capital is on software, healthcare, aerospace, energy. | – | sorensoncapital.com | Lehi, United States | |
Seed and early-stage technology investments are managed by the firm. | – | initialized.com | San Francisco, United States | |
Investment in technology startups focusing on compute, AI, and related innovations. | – | intelcapital.com | - | |
Venture capital is invested in US sectors by Ludlow Ventures. | – | ludlowventures.com | Detroit, United States | |
Venture capital firm focused on multiple sectors | – | dcvc.com | Palo Alto, United States | |
Seed-stage companies are funded by Zillionize venture capital firm. | – | zillionize.com | Palo Alto, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Cloud based integrated application development platform | 2011 | digitalocean.com | New York, United States |
Investor details for Paperspace
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Paperspace
11 people are tracked at Paperspace (2 in leadership, 9 in team); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
Daniel Kobran | Co-Founder | Leadership |
Dillon Erb | Co-Founder & CEO | Leadership |
Matthias Behrens | Senior Software Engineer | Team |
Anastasiia Chorna | Customer Success | Team |
Colin Welch | Principal Software Engineer | Team |
Tomasz Gajewski | Cloud Infrastructure Architect | Team |
Donaji Calderón | Customer Success Manager | Team |
Augusto santa Cruz | Senior Technical And Customer Support Specialist | Team |
Ana Gomez | Software Engineer | Team |
Anthony Philmon | Customer Service Specialist | Team |
Tal Eisenberg | Senior Technical Support Manager Ai/ml | Team |
Complete people profiles for Paperspace
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Timeline of Paperspace
4 dated milestones of Paperspace across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Paperspace is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series A, of $6.2M.
- Exit Acquired by DigitalOcean.
Competitors of Paperspace
Paperspace has 10 listed competitors in our database, 9 of them funded. They include Odoo, Kony, Veritone, OutSystems and Anyscale, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| odoo.com | 2005 | Louvain-la-neuve, Belgium | $482.62M | 1 | Open-source business management software is developed with integrated modules. | |
| kony.com | 2007 | Austin, United States | $107.67M | 222 | Cloud-based platform for field operations and digital banking is provided. | |
| veritone.com | 2014 | Irvine, United States | $15M | 487 | AI-driven analytics for audio and video content are provided. | |
| outsystems.com | 2001 | Linda A Velha, Portugal | $802.95M | – | Low-code platform enables application development and deployment without coding. | |
| anyscale.com | 2019 | San Francisco, United States | $280.53M | 118 | Provider of an AI-based open source framework for building distributed applications | |
| digitalocean.com | 2011 | New York, United States | $173.73M | 591 | Cloud based integrated application development platform | |
| progress.com | 1981 | Bedford, United States | – | 450 | IDE-based software is provided for application development and management. | |
| skytap.com | 2006 | Seattle, United States | $127.51M | 138 | Cloud-based environments are delivered for application development and testing. | |
| carto.com | 2012 | New York, United States | $123M | – | Cloud based integrated solutons for software development | |
| skuid.com | 2013 | Chattanooga, United States | $29M | 114 | Codeless platform for application development and data integration is provided. |
Detailed competitors of Paperspace
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Paperspace
The website of Paperspace (paperspace.com) receives about 263.2K visits a month.
- Monthly visits263.2K
▼ 8% vs previous month
Websites whose visitors overlap most with Paperspace. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| huggingface.co | 100% | 24.9M | #1,689 | View details | |
yellow-llama.com | yellow-llama.com | 92% | – | – | – |
| bitrebels.com | 90% | – | #1,192,500 | View details | |
| tensordock.com | 90% | 67.7K | #501,976 | View details | |
| gpu-mart.com | 90% | – | #395,620 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Paperspace
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
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Top companies in AI Core Platforms & Infrastructure
10 companies that operate in the same segment as Paperspace (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 |
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Related news about Paperspace
Complete news archive for Paperspace
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Frequently Asked Questions about Paperspace
Paperspace was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Paperspace is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Dillon Erb is the current CEO of Paperspace. They have also founded this company.
Paperspace is a funded company, having raised a total of $28.88M across 7 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Mar 2015.
Paperspace has 20 employees.
Paperspace was founded in 2014 in Brooklyn, United States, and operates within the cloud computing sector focused on machine learning. Virtual desktops are provisioned within minutes and accessed through web browsers, enabling personal computers to utilize cloud resources similarly to Chromebook models. A dedicated device for internet-based connections to the platform is also available, supporting remote development workflows.
Paperspace's top competitors include DigitalOcean, Odoo and OutSystems.
Paperspace offers Gradient and Core.
Paperspace has 11 investors. Key investors include DigitalOcean, Battery Ventures, SineWave Ventures, Sorenson Capital, and Initialized Capital.
Paperspace operates through Paperspace Co..
Yes. Paperspace was acquired by DigitalOcean in July 2023.
The website of Paperspace receives about 263 thousand visits a month.