DigitalOcean joined the Unicorn Club on May 14, 2020. Headquartered in New York City, New York, United States, DigitalOcean provides cloud infrastructure, virtual machines, managed database hosting, and developer tools for application development, AI, machine learning, and data analytics. Its platform also offers virtual private networks, load balancers, and DDoS protection to help developers scale and secure applications efficiently.
Keep reading to learn how DigitalOcean became a leader in cloud infrastructure solutions.
What Is DigitalOcean and What Does It Do?
Founded in 2011, DigitalOcean delivers cloud infrastructure and platform-as-a-service (PaaS) solutions for developers, startups, and enterprises. Its offerings include virtual machines, managed databases, APIs, developer tools, load balancers, and networking solutions. The platform enables rapid application deployment, scaling, and monitoring while supporting AI, machine learning, and analytics workloads, empowering developers with simple yet powerful cloud solutions.
How Much Funding Has DigitalOcean Raised?
1. Seed Round
- Amount Raised: $3 million
- Date: 2011
- Lead Investors: HTIF
- Purpose: Launch cloud infrastructure platform and hire engineering team
2. Series A Round
- Amount Raised: $25 million
- Date: 2012
- Lead Investors: 2B Global
- Purpose: Expand product offerings, grow developer community, and scale data centers
3. Series B Round
- Amount Raised: $37 million
- Date: 2014
- Lead Investors: HTIF, 2B Global
- Purpose: Enhance platform reliability, add managed services, and expand global footprint
4. Series C Round
- Amount Raised: $50 million
- Date: 2016
- Lead Investors: HTIF, 2B Global
- Purpose: Scale infrastructure, develop developer tools, and grow enterprise adoption
5. Series D / Pre-IPO
- Amount Raised: $59 million
- Date: 2018
- Lead Investors: HTIF, 2B Global
- Purpose: Expand cloud services, enhance networking solutions, and improve security features
6. Post IPO Funding
- Amount Raised: $1.5 billion
- Date: November 2021
- Lead Investors: Public market funding
- Purpose: Global expansion, data center growth, and product innovation
Total Funding Raised: $174 million (pre-IPO rounds)
Latest Funding Date: November 2021 (Post IPO)
Latest Known Valuation: Unicorn (>$1 billion)
Key Investors
- HTIF
- Details: Investment firm backing technology and growth-stage companies
- Focus Areas: Cloud infrastructure, SaaS, and enterprise software
- 2B Global
- Details: Venture capital firm investing in technology startups
- Focus Areas: Cloud platforms, PaaS solutions, and high-growth tech companies
Where Is DigitalOcean’s Headquarters?
DigitalOcean is headquartered in New York City, New York, United States, supporting cloud operations, engineering, and product development for its global developer platform.
What’s Next for DigitalOcean?
DigitalOcean plans to expand its global cloud infrastructure, enhance managed services, and develop new tools for AI, machine learning, and analytics. The company aims to continue empowering developers, startups, and enterprises with reliable, scalable, and secure cloud solutions.
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