Cloud Hosting Infrastructure Company, DigitalOcean, Raises $83 Million In Series B Funding

DigitalOcean, one of the fastest-growing cloud hosting infrastructure providers, used by more than 500,000 developers that have deployed more than 6,000,000 cloud servers, has announced the close of a $83 million Series B funding round led by Access Industries, with participation from Andreessen Horowitz.

Since launching in 2012, DigitalOcean has become the world’s second largest cloud hosting provider for developers building websites and applications, according to Netcraft. The company is aggressively working to expand its feature set, appealing to the needs of software developers and scaling startups running the company’s distributed applications in production. 

digitalocean-cloud“We are laser­focused on empowering the developer community,” said Mitch Wainer, co­founder and CMO at DigitalOcean. “This capital infusion enables us to expand our world­class engineering team so we can continue to offer the best infrastructure experience in the industry.”

From the beginning, DigitalOcean has advocated for the growing influence of software developers, and the numbers seem to support its vision. To date, more than 6 million Droplets (cloud servers) have been deployed on DigitalOcean by more than 500,000 developers. 

“We began with a vision to simplify infrastructure that will change how millions of developers build, deploy and scale web applications,” said Ben Uretsky, CEO and co­founder of DigitalOcean. “Our investors share our vision, and they’ll be essential partners in our continued growth.”

Access Industries

DigitalOcean is headquartered in New York City with data centers throughout the world. 

DigitalOcean has gone from startup to one of the most­consumed virtual infrastructure providers in roughly two years,” according to 451 Research. “Its combination of affordable infrastructure, rapid provisioning, developer focus and heavy emphasis on ease of use is clearly the right recipe for a large market of developer customers.”

Access Industries is a privately held, U.S.­based industrial group with global strategic investments. Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, the group is headquartered in New York, with offices in London and Moscow.