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DigitalOcean
Cloud computing services for developers
- 1001+ employees
- B2B
- Enterprise
- Internal tools
- Big data
- SaaS
- DevOps
- Cloud Computing
- South Village, New York, NY
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Company mission
To simplify cloud computing so developers and businesses can spend more time creating software that changes the world.
Otta's take
Sam Franklin
CEO of Otta
DigitalOcean offers computer network and storage capabilities that enable its users to quickly set up online businesses. Straightforward tools and attractive pricing have attracted hundreds of thousands of customers in the last decade, including pop superstar Beyoncé, who hosted a new album release on the company’s servers during its early years.
DigitalOcean has a strong customer base, but must continue to improve to stay relevant in such an extremely competitive space. The company battles with rivals such as Amazon Web Service, Microsoft Azure and Google's Cloud Platform, which are the undisputed leaders in the cloud computing market. Wisely, DigitalOcean avoids direct confrontation with these giants by focusing more on small businesses and startups and providing more savings opportunities for its users.
The company has boasted clients such as GitLab, Slack and HashiCorp amongst its impressive lists of customers. Additionally, the company has acquired Cloudways in a move to further simplify workflows for its clients that are looking to scale their digital businesses, it opened a new data center in Sydney, and expects to see a revenue rise between 9% and 12% over 2024.
Benefits
- Monthly gym and internet reimbursement
- Formalized mentorship, LinkedIn Learning tracks, and other internal programs
- Parental leave with transition time built-in
- Full health coverage
- Flexible vacation time
- An annual company offsite, Shark Week
- Work from home opportunities
Company values
- Our community is bigger than us
- Simplicity is in all we DO
- We speak up when we have something to say and listen when others DO
- We are accountable to deliver on our commitments
- Love is at our core
Funding (last 2 of 4 rounds)
May 2020
$50m
SERIES C
Jul 2015
$83m
SERIES B
Total funding: $173.2m
This company has top investors
Founders
Yancey Spruill
(CEO, not founder)Previously served as CFO and COO for SendGrid and as CFO for both TwentyEighty and DigitalGlobe.
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