About Paperspace
Paperspace is a company based in Brooklyn (United States) founded in 2014 by Daniel Kobran and Dillon Erb was acquired by DigitalOcean in July 2023. Paperspace has raised $28.88 million across 7 funding rounds from investors including DigitalOcean, Battery Ventures and SineWave Ventures. The company has 20 employees as of December 31, 2021. Paperspace offers products and services including Gradient and Core. Paperspace operates in a competitive market with competitors including Odoo, Kony, Veritone, OutSystems and Anyscale, among others.
- Headquarter Brooklyn, United States
- Employees 20 as on 31 Dec, 2021
- Founders Daniel Kobran, Dillon Erb
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Paperspace Co.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$28.88 M (USD)
in 7 rounds
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Latest Funding Round
$6.18 M (USD), Series A
May 24, 2021
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Investors
DigitalOcean
& 10 more
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Employee Count
20
as on Dec 31, 2021
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Acquired by
DigitalOcean
(Jul 06, 2023)
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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.
People of Paperspace
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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.
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.
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Investments in technology companies are conducted globally by Battery Ventures.
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US focused early stage VC firm
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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Investor details for Paperspace
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Investments & Acquisitions by Paperspace
Investment portfolio details for Paperspace
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Financial Statements - Paperspace
Detailed financials for Paperspace
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Paperspace Comparisons
Peer comparison for Paperspace
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- Named peers
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Competitors of Paperspace
Paperspace 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 Odoo, Kony, Veritone, OutSystems and Anyscale, among others.
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Open-source business management software is developed with integrated modules.
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Cloud-based platform for field operations and digital banking is provided.
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AI-driven analytics for audio and video content are provided.
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Low-code platform enables application development and deployment without coding.
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Provider of an AI-based open source framework for building distributed applications
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Cloud based integrated application development platform
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Detailed competitors of Paperspace
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on 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.
As of Dec 31, 2021, the latest employee count at Paperspace is 20.
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.