DigitalOcean Garners $50,000,000 New Funding

  • Feed Type
  • Date
    12/9/2014
  • Company Name
    DigitalOcean
  • Mailing Address
    270 Lafayette St. New York, NY 10012 USA
  • Company Description
    DigitalOcean isn’t planning to get into the game of cutting prices on its services the way Amazon does. But he said those price cuts can be “somewhat irrelevant,” as they apply to services that few AWS users pay for.
  • Website
    http://www.digitalocean.com
  • Transaction Type
    Debt
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    DigitalOcean itself has also been expanding. It had 40 employees at the beginning of the year. It now has 110, Mr. Uretsky said. To accommodate them, the company leased a larger office space in SoHo, a prime location in New York. It has also been spending on testing new hardware “that costs many times more and allows more capacity.
  • M&A Terms
  • Venture Investor