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DigitalOcean Named to Forbes 2017 Cloud 100 List

DigitalOcean Recognized As One of The World's Top 100 Private Cloud Companies for Second Consecutive Year

NEW YORK, NY - July 11, 2017 - Today, DigitalOcean, the cloud for developers, was named to the Forbes 2017 Cloud 100 list. Published by Forbes in collaboration with Bessemer Venture Partners, it is the definitive list of the top 100 private cloud companies in the world.

As part of the rigorous selection process for the Forbes 2017 Cloud 100, Forbes' data partner, Bessemer Venture Partners, received hundreds of submissions from the top cloud startups. Using that data, the Forbes Cloud 100 panel of judges, made up of a majority of public cloud company CEOs, was responsible for selecting and ranking the top 100 companies from all over the world. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people & culture (15%) and market leadership (35%), which the panel then weighed to select, score and rank the winners.

"We have achieved some major milestones over the past year and are thrilled to be recognized by Forbes & BVP," said Ben Uretsky, CEO, DigitalOcean. "We have shipped six new offerings, reached almost one million registered customers and have more than 60,000 engineering teams deploying on DigitalOcean. Our sights are set on continuing to provide the best user experience for developers looking to build their applications in the cloud."

"Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year's list is no exception," said Forbes editor of the Cloud 100 list, Alex Konrad. "Forbes has a keen eye for businesses; combining that with Bessemer Venture Partners and Salesforce Ventures' deep knowledge of the cloud industry, any company's inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate."

"These companies are leading the cloud technology revolution!" said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. "The founders and teams behind the Forbes 2017 Cloud 100 companies are of another caliber and we are beyond excited to celebrate the hard work and enormous value these companies are creating as they propel the trillion-dollar software industry forward."

"The business opportunity for cloud computing is tremendous as the spend on cloud computing and the rate of adoption continues to grow and advance the ecosystem," said John Somorjai, EVP, Salesforce Ventures and Corporate Development. "We're thrilled to highlight the potential of these top-tier private companies in the field and see where they take their businesses and the economies around the world."

The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.

About DigitalOcean

Founded in 2011, DigitalOcean is a cloud platform focused on simplifying the complexities of infrastructure for software developers. DigitalOcean has become the second largest and fastest growing cloud computing platform in the total number of public facing apps and websites, according to Netcraft.com. The company has raised $123 million in funding from Andreessen Horowitz, Access Industries, IA Ventures, CrunchFund, and Techstars. The company is headquartered in New York City with data center regions throughout the world. For more information, simply visit http://www.digitalocean.com or follow @digitalocean.