8/8/2023 0 Comments Digital ocean tinc![]() ![]() On March 24, 2021, DigitalOcean became a publicly traded company on the New York Stock Exchange, with their initial public offering price at $47 per share. In May 2020, Digital Ocean raised an additional $50 million from Access Industries and Andreessen Horowitz. In April 2016, the company secured US$130 million in credit financing to build out new cloud services. In July 2015, the company raised US$83 million in its series B round of funding led by Access Industries with participation from Andreessen Horowitz. ![]() In December 2014, DigitalOcean raised US$50 million in debt financing from Fortress Investment Group in the form of a five-year term loan. Its series A round of funding in March 2014, led by venture capitalist firm Andreessen Horowitz, raised US$37.2 million. The company's seed funding was led by IA Ventures and raised US$3.2 million in July 2013. Later in 2016, they continued expansion to Bangalore, India. During 2015 DigitalOcean expanded further with a data center in Toronto, Canada. During 2014, the company continued its expansion, opening new data centers in Singapore and London. In December 2013, DigitalOcean opened its first European data center, located in Amsterdam. Following a TechCrunch review, which was syndicated by Hacker News, DigitalOcean saw a rapid increase in customers. On January 15, 2013, DigitalOcean became one of the first cloud-hosting companies to offer SSD-based virtual machines. In August 2022, DigitalOcean acquired Cloudways, a Pakistani cloud hosting service provider, for $350 million in an all-cash deal. Based on technology acquired from Nimbella and the open source Apache OpenWhisk project, DigitalOcean Functions is a serverless platform that allows developers to build and run applications without having to manage servers. In May 2022, the company released DigitalOcean Functions. In March 2022, the company acquired CSS-Tricks, a learning website for front-end developers. In September 2021, DigitalOcean announced plans to acquire Nimbella, a serverless startup. Bill Sorenson, former CFO of EnerNOC, was appointed as the company's new CFO. In July 2019, Yancey Spruill, former CFO and COO of SendGrid (a fellow Techstars company), replaced Templeton as CEO. In June 2018, Mark Templeton, former CEO of Citrix, replaced co-founder Ben Uretsky as the company's CEO. In May 2018, the company announced the launch of its Kubernetes-based container service. On January 16, 2018, new droplet (virtual machines) plans were introduced. At the end of the accelerator program in August 2012, the company had signed up 400 customers and launched around 10,000 cloud server instances. DigitalOcean accepted the offer of TechStars 2012's startup accelerator in Boulder, Colorado, and the founders moved to Boulder to work on the product. In mid-2012, the founding team consisted of Ben Uretsky, Moisey Uretsky, Mitch Wainer, Jeff Carr, and Alec Hartman. Mitch Wainer company launched their beta product in January 2012. In 2012, the Uretskys met co-founder Mitch Wainer following Wainer's response to a Craigslist job listing. ![]() In 2003, Ben Uretsky and Moisey Uretsky, who founded the ServerStack, a managed hosting business, wanted to create a new product that would combine web hosting and virtual servers and target entrepreneurial with software developers. Each year, it partners with different software companies, including GitHub, Twilio, Dev.to, Intel, Appwrite, and DeepSource. ĭigitalOcean also runs Hacktoberfest, a one-month-long celebration of open-source software held in October. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms. The company is headquartered in New York City, New York, USA, with 15 globally distributed data centers worldwide. is an American multinational technology company and cloud service provider. ![]()
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