When was DigitalOcean founded?

DigitalOcean was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is DigitalOcean located?

DigitalOcean is headquartered in New York City, United States.

How many employees does DigitalOcean have?

As of Mar 31, 2026, the latest employee count at DigitalOcean is 2442.

Is DigitalOcean a funded company?

DigitalOcean is a funded company, having raised a total of $174M across 10 funding rounds to date. The company's 1st funding round was a $118K Seed round, raised on Aug 09, 2012.

When was the latest funding round of DigitalOcean?

DigitalOcean's latest funding was a $1.5B Post IPO round on Nov 2021, with participation from 0 investor.

What is the annual revenue of DigitalOcean?

Annual revenue of DigitalOcean is $781M as on Dec 31, 2024.

Is DigitalOcean a Cloud Infrastructure company?

The primary sectors of DigitalOcean are Cloud Infrastructure, PaaS and Enterprise Storage.

Where does DigitalOcean rank among its competitors?

DigitalOcean ranks 6th amongst 1023 active competitors, of which 150 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Vercel, which secured $300M in Sep, 2025.

Who are the top competitors of DigitalOcean?

DigitalOcean's top competitors include Oracle, Hewlett Packard Enterprise and Vercel. Among them, Vercel secured the most recent funding round in September, 2025.

DigitalOcean - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of cloud infrastructure, virtual machines, and managed database hosting. It offers tools for application development, AI and machine learning, and data analytics. The company provides virtual private networks, load balancers, and DDoS protection. It also features developer tools, APIs, and support plans.

Key Metrics

Founded Year

2011

Location

New York City, United States

Stage

Public

Total Funding

$174M in 10 rounds

Latest Funding Round

Post IPO, Nov 2021, $1.5B

Investors

Andreessen Horowitz & 47 more

Ranked

6^th among 1023 active competitors

Annual Revenue

$781M as on Dec 31, 2024

Employee Count

2,442 as on Mar 31, 2026

Investment & Acquisitions

Paperspace & 4 more

Similar Companies

Oracle & 1208 more

Exit Details

Public

View DigitalOcean's full profile

DigitalOcean is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Digital Ocean CIN: 40103797276 , Latvia, Deadpooled	Jun 09, 2014	$3.07K (As on Dec 31, 2021)	1 (As on Dec 31, 2021)	-
DIGITAL OCEAN, INC. CIN: 455207470 , United States, Active	Dec 31, 1999	-	348 (As on Dec 31, 2017)	-
DIGITALOCEAN HOLDINGS, INC. CIN: 1582961 , United States, Active	Jun 08, 2016	$781M (As on Dec 31, 2024)	-	-
DROPLET OFFSHORE SERVICES PRIVATE LIMITED CIN: U72200KA2016FTC086851 , India, Active	Mar 10, 2016	$6.43M (As on Mar 31, 2021)	134 (As on Feb 29, 2024)
DIGITALOCEAN, LLC CIN: 384017666 , United States, Active		-	514 (As on Dec 31, 2024)	-

DigitalOcean got listed on Mar 24, 2021.

Click here to take a look at DigitalOcean's IPO in detail

DigitalOcean has raised a total funding of $174M over 10 rounds. Its first funding round was on Aug 09, 2012. DigitalOcean has 48 institutional investors.

Here is the list of recent funding rounds of DigitalOcean:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 2021	$1.5B	Post IPO	-	-	-	-
May 08, 2020	$50M	Series C	$1.15B	-	Access Industries	Andreessen Horowitz
Feb 20, 2020	$100M	Conventional Debt	-	-	-	-

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View details of DigitalOcean's funding rounds and investors

The founders of DigitalOcean are Jeff Carr, Mitch Wainer, Alec Hartman and Moisey Uretsky.

Here are the details of DigitalOcean's key team members:

Jeff Carr: Former Co-Founder & Chief Architect of DigitalOcean. They are also an angel investor in 1 startup.
Mitch Wainer: Former Co-Founder & CMO of DigitalOcean and founder of 1 other company. They are also an angel investor in 4 startups.
Contact Info: 1 email address
Alec Hartman: Co-Founder of DigitalOcean and founder of 2 other companies, Welcome Homes and Whalor. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Moisey Uretsky: Former Co-Founder & Director of DigitalOcean. They are also an angel investor in 1 startup.

View details of DigitalOcean's Founder profiles and Board Members

DigitalOcean's employee count trend

DigitalOcean has 2,442 employees as of Mar 26. Here is DigitalOcean's employee count trend over the years:

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Top competitors of DigitalOcean include Oracle, Hewlett Packard Enterprise and Vercel. Here is the list of Top 10 competitors of DigitalOcean, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oracle 1977, Austin (United States), Public	Hybrid cloud infrastructure platform	-	EGI Booster, rifvc.com & 32 others	83/100
2nd	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 2 others	81/100
3rd	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 30 others	81/100
4th	IBM 1911, United States, Public	Provider of hybrid cloud solutions, AI models, and cybersecurity services	-	Berkshire Hathaway, Runway & 16 others	80/100
5th	Dell 1984, Round Rock (United States), Public	Provider of enterprise servers and cloud solutions	-	CampVentures, RBC Capital Markets & 11 others	80/100
6th	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	HTIF, HighGear Ventures & 46 others	80/100
7th	Nutanix 2009, San Jose (United States), Public	AI powered cloud management software for enterprises	$317M	Sapphire Ventures, Riverwood Capital & 31 others	75/100
8th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Ignition Partners & 16 others	73/100
9th	Wasabi 2015, Boston (United States), Series E	Cloud storage provider offering scalable solution for businesses	$484M	Forestay Capital, L2 Point & 20 others	71/100
10th	Alibaba Cloud 2009, Hangzhou (China), Unfunded	Hybrid cloud and business intelligence platform for enterprises	-	-	68/100

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Looking for more details on DigitalOcean's competitors? Click here to see the top ones

DigitalOcean has made 1 investments in companies including Uveye Technologies. DigitalOcean has also acquired 4 companies including Paperspace and SnapShooter.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 06, 2023	Acquisition	Paperspace	2014	Brooklyn (United States)
May 09, 2023	Investments	Uveye Technologies	2016	New York (United States)
Jan 19, 2023	Acquisition	SnapShooter	2017	Norwich (United Kingdom)