DigitalOcean Holdings, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Padmanabhan T. Srinivasan
- Full Time Employees
- 1,462
- Sector
- Technology services
- Industry
- Packaged software
- Address
- 105 Edgeview Drive Broomfield CO United States 80021
- IPO Date
- Mar 24, 2021
- CIK
- 0001582961
- Website
- digitalocean.com
- Similar Companies
- Business
- DigitalOcean Holdings, Inc. operates a global cloud computing platform providing Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS) solutions primarily to developers and technology companies. Its core products include virtual private servers known as Droplets; managed Kubernetes and container registries; managed databases; cloud firewalls; managed load balancers; virtual private cloud software; IP address and domain name system management; a serverless compute solution called Functions; managed hosting services; and DigitalOcean Marketplace offering pre-configured applications and solutions. The company also provides advanced artificial intelligence (AI) and machine learning (ML) infrastructure, including GPU Droplets, bare metal GPUs for customizable server environments, a GENAI platform for deploying AI applications, and Jupyter Notebooks for data exploration and ML model development. DigitalOcean’s platform supports diverse use cases such as web and mobile application development, AI integration, and web hosting across multiple industry verticals including gaming, fintech, and cybersecurity. Founded in 2012 and headquartered in New York, New York, DigitalOcean operates data centers across North America, Europe, and Asia, including key markets like New York, San Francisco, London, Amsterdam, Singapore, and Bangalore. Recent major company developments include the strategic acquisition of Paperspace to bolster AI and ML capabilities, expanding its AI platform and accelerating AI application deployments, with 2024 and 2025 showing strong growth in AI-related annual recurring revenue. DigitalOcean launched a strategic partnership with Hugging Face, enabling seamless deployment of AI models on DigitalOcean GPU Droplets powered by NVIDIA H100 technology. It also expanded collaboration with Fal.ai to integrate generative media models for voice, image, and video creation within its Gradient AI platform. Additional partnerships with AMD and Flexential have enabled expanded GPU infrastructure deployments for AI workloads, including access to high-density GPU servers equipped with NVIDIA H200 and AMD Instinct GPUs. The company recently completed a $625 million convertible senior notes offering to support growth initiatives and broadened its AI ecosystem through a partner program aimed at startups and developers. DigitalOcean’s business model focuses on delivering simplified, scalable cloud infrastructure and development tools with a commitment to performance, reliability, and ease of use. Its customer base spans startups, SMBs, and enterprises seeking cloud solutions optimized for developers, AI innovation, and application scalability. Recent strategic moves emphasize market expansion in AI-driven technologies and enhanced GPU access, positioning DigitalOcean as a competitive cloud services provider with a growing focus on AI and machine learning infrastructure worldwide. This comprehensive product portfolio and recent strategic advancements reflect DigitalOcean Holdings’ commitment to enabling developers and businesses to build, deploy, and scale applications efficiently on a secure, global cloud platform.
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