DigitalOcean Closes $37.2M In Series A Funding
New York, NY (March 5th, 2014) – DigitalOcean, the world's fastest growing cloud provider built for developers, today announced the completion of their $37.2M Series A funding round led by Andreessen Horowitz. The funding will be allocated primarily to hiring top-tier engineers in order to accelerate the company's rapidly growing community, build out highly anticipated product features, and maintain infrastructure throughout the world.
"DigitalOcean's growth has been explosive over the last 12 months," said Ben Uretsky, CEO and cofounder at DigitalOcean. "This funding will allow us to attract top engineering talent, build new datacenter locations, and continue our relentless focus on simplicity."
At the turn of the New Year, Netcraft released a report that detailed DigitalOcean's trajectory as the world's fastest growing cloud hosting service. It states, "Our December 2013 Web Server Survey showed a month-on-month gain of 6,514 web-facing computers," adding "DigitalOcean is now the 15th largest hosting company in terms of web-facing computers– a remarkable feat considering DigitalOcean had only 280 web-facing computers at the start of this year."
The Series A Funding will allow DigitalOcan to actively hire talented engineers dedicated to building a product that developers love. The company is determined to evolve from the ideal platform for developers at the testing stage of their applications, to becoming one of the most trusted and loved cloud providers on the planet as they continue to scale.
This is one of many exciting announcements to come within the first half of the year. DigitalOcean is expected to offer IPv6, an updated version of their API, and a new version of their website in the near future.
Founded in 2012, DigitalOcean provides the easiest cloud platform to deploy, manage, and scale applications of any size, removing infrastructure friction and providing predictability so developers and their teams can spend more time building software that customers love. DigitalOcean is approaching $200 million in run rate and has a community of 3.5 million developers with 12 data centers across the globe. In addition to its headquarters in New York, DigitalOcean has an office in Cambridge, Mass. and remote employees around the world. For more information, simply visit https://www.digitalocean.com or follow @digitalocean on Twitter.