I am excited to share that DigitalOcean has acquired Paperspace, a leading provider of cloud infrastructure for highly scalable GPU-accelerated applications, and a remarkable addition to our cloud computing family. This highly-complementary, strategic acquisition marks a significant milestone in our journey as we broaden and enhance our product offerings to better serve our customers’ evolving needs — helping them scale in unprecedented ways.
With Paperspace as part of DigitalOcean, we are taking our commitment to simplicity to new heights. Paperspace brings extensive capabilities for AI/ML applications powered by high-performance GPUs and will enable our customers opportunities to train, build, and scale ML models in the cloud.
The demand for AI/ML cloud solutions has witnessed an unprecedented surge, fueled by the emergence of large language models (LLMs) that have captured the imagination of developers, small businesses, and startups around the world. But smaller businesses face steep, financial and technical barriers to entry when developing new AI/ML applications. Paperspace’s highly scalable GPU-accelerated infrastructure perfectly complements our existing capabilities, allowing our customers to meet this demand head-on.
Together, DigitalOcean and Paperspace will unlock opportunities for startups and small businesses that have, to this point, been somewhat limited to large enterprises, with large IT departments and R&D budgets. SMBs and startups will now be able to delve into AI/ML applications such as generative media, text analysis, natural language understanding, recommendation engines, and image classifications, all with the support of Paperspace’s cutting-edge capabilities, and DigitalOcean’s famous simplicity and community. Paperspace’s pre-configured Notebook environments provide an ideal test pad for AI/ML model exploration and fine-tuning. And when the time comes to bring those models to life, Paperspace’s streamlined workflow ensures a smooth transition to hosting and scaling for production.
Paperspace customers will benefit from a broader spectrum of DigitalOcean’s cloud services, including databases, storage, and application hosting, seamlessly integrated into their existing ecosystem. They will also gain access to DigitalOcean’s extensive documentation, tutorials and support system, assisting them in their journey to build and deploy AI applications. And for our existing DigitalOcean users venturing into or already operating in the realm of AI/ML, the integration of GPUs alongside CPU workloads opens up a world of possibilities. Together, our customers will have access to a comprehensive suite of cloud offerings, advanced networking capabilities, and the flexibility to leverage the full potential of both GPU and CPU resources as AI/ML technologies continue to evolve.
And beyond technology, Paperspace aligns closely with DigitalOcean in terms of our values. We have a shared passion for nurturing businesses, whether testing an idea, building a product, or scaling their GTM efforts. Through these new and simplified AI/ML offerings, we aim to democratize this powerful technology for SMBs and startups worldwide, enabling them to leverage the power of both AI and the cloud with ease.
In addition to Paperspace’s technology, we are fortunate to be welcoming their extremely talented team to our family. Our shared values and commitment to customer success will ensure a collaborative work environment focused on continued innovation and service. As we embark on this journey with Paperspace, we expect an even more powerful DigitalOcean experience that exceeds our customers’ expectations.
We promise to keep you informed about the remarkable developments that lie ahead. Together, we are poised to unlock new horizons and fuel extraordinary AI projects from our SMB and startup customers worldwide. At DigitalOcean, we remain committed to our mission to simplify complex technologies, empowering small businesses to focus on what truly matters—building products and software that have the power to change the world.
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