DigitalOcean - About the company
DigitalOcean is a public company based in New York City (United States), founded in 2011 by Jeff Carr, Mitch Wainer, Ben Uretsky, and Moisey Uretsky. It operates as a Cloud based integrated application development platform. DigitalOcean has raised $174M in funding from investors like a16z, IA Ventures and Access Industries. The company has 89675 active competitors, including 971 funded and 5460 that have exited. Its top competitors include companies like UST, Odoo and Genpact.
Sectors and market segments that DigitalOcean operate in
DigitalOcean serves in the B2B, SaaS space in the Business Services market segments.The primary business model of DigitalOcean is:Company Details
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.
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Key Metrics
Founded Year
2011
Location
New York City, United States
Stage
Public
Total Funding
in 10 rounds
Latest Funding Round
Investors
Ranked
16th among 89675 active competitors
Annual Revenue
as on Dec 31, 2021
Employee Count
as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Odoo &
Exit Details
Public
Legal entities associated with DigitalOcean
DigitalOcean is associated with 4 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jun 09, 2014 | $3.07K (as on Dec 31, 2021) | 127 | 920 | |
Jun 08, 2016 | $576M (as on Dec 31, 2022) | 399 | 297 | |
Dec 31, 1999 | - | 845 | 562 | |
- | 554 | 997 |
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DigitalOcean's funding and investors
DigitalOcean has raised a total funding of $174M over 10 rounds. Its first funding round was on Aug 09, 2012.
DigitalOcean has 48 institutional investors including a16z, IA Ventures and Access Industries.
Here is the list of recent funding rounds of DigitalOcean:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 2021 | $1.5B | Post IPO | - | - | - |
May 08, 2020 | $50M | Series C | - | - | |
Feb 20, 2020 | $100M | Conventional Debt | - | - | - |
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DigitalOcean's founders and board of directors
The founders of DigitalOcean are Jeff Carr, Mitch Wainer, Ben Uretsky, and Moisey Uretsky. Ben Uretsky is the CEO of DigitalOcean. has founded 1 more company - Whalor. Ben Uretsky has founded 1 more company - .
View details of DigitalOcean's Founder profiles and Board Members
DigitalOcean's employee count trend
DigitalOcean has 591 employees as of Dec 22. The total employee count is 27.9% more than what it was in Dec 21. Here is DigitalOcean's employee count trend over the years:
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Top competitors of DigitalOcean include UST, Odoo and Genpact. Here is the list of Top 10 competitors of DigitalOcean, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | UST 1998, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | Temasek, Parallax Capital PartnersÌý&²¹³¾±è;Ìý | 86/100 |
2nd | Cloud-based open-source enterprise resource planning software | $483M | Summit Partners, General AtlanticÌý&²¹³¾±è;Ìý | 82/100 | |
3rd | Genpact 1997, New York City (United States), Public | Provider of end-to-end business process outsourcing services | - | General Atlantic, Oak HillÌý&²¹³¾±è;Ìý | 81/100 |
4th |  1&1 IONOS 1988, Chesterbrook (United States), Public | Provider of cloud infrastructure & hosting services | $19.5M | Warburg Pincus, Ìý&²¹³¾±è;Ìý | 80/100 |
5th | Provider of business process management, financial and logistics services | $15.1M | Standard Chartered, Affirma CapitalÌý&²¹³¾±è;Ìý | 79/100 | |
6th |  Happiest Minds 2011, Bengaluru (India), Public | IT services company | $64.8M | 78/100 | |
7th | Provider of application development, cloud, cybersecurity, and business intelligence services | - | , RunwayÌý&²¹³¾±è;Ìý | 78/100 | |
8th |  Mavenir 2005, Richardson (United States), Acquired | Provider of a multi-access edge networking computing platform | $105M | Greenspring Associates, Cross CreekÌý&²¹³¾±è;Ìý | 78/100 |
9th | GirnarSOFT 2007, Jaipur (India), Series E | Provider of website, web & mobile application development, BI, and digital marketing services | $626M | Advent International, CapitalGÌý&²¹³¾±è;Ìý | 78/100 |
10th | OutSystems 2001, Linda A Velha (Portugal), Series F | Low code application development platform | $803M | CPP Investments, General AtlanticÌý&²¹³¾±è;Ìý | 78/100 |
16th | 2011, New York City (United States), Public | Cloud based integrated application development platform | $174M | HTIF, Access IndustriesÌý&²¹³¾±è;Ìý | 71/100 |
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DigitalOcean's Investments and acquisitions
DigitalOcean has not made any investments yet. DigitalOcean has made 4 acquisitions. Here is the list of latest three acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 06, 2023 | Acquisition | 2014 | Brooklyn, United States | |
Jan 19, 2023 | Acquisition | - | ||
Aug 23, 2022 | Acquisition | - |
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Reports related to DigitalOcean
Here is the latest report on DigitalOcean's sector:
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News related to DigitalOcean
Media has covered DigitalOcean for a total of 52 events in the last 1 year, 33 of them have been about company updates and 5 about people movement.
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When was DigitalOcean founded?
DigitalOcean was founded in 2011.Where is DigitalOcean located?
DigitalOcean is located in New York City, United States.When was the latest funding round of DigitalOcean?
DigitalOcean's latest funding round was on Nov 2021.What is the annual revenue of DigitalOcean?
Annual revenue of DigitalOcean is €2.6° as on Dec 31, 2021.Is DigitalOcean a IT Services company?
The primary sectors of DigitalOcean are IT Services and PaaS.Our Lite Plan Awaits you - Its Free!
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