When was Paperspace founded?

Paperspace was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Paperspace located?

Paperspace is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York.

Who is the current CEO of Paperspace?

Dillon Erb of Paperspace. They have also founded 1 company.

How many employees does Paperspace have?

As of Dec 31, 2021, Paperspace has 20 employees, reflecting a 12% year-over-year growth in headcount.

Is Paperspace a funded company?

Paperspace is a funded company, having raised a total of $35M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 03, 2015.

When was the latest funding round of Paperspace?

Paperspace's latest funding was a $***** Series A round on May 24, 2021, with participation from 0 investor. Its primary sector is AI Infrastructure. In United States, the AI Infrastructure sector has seen $198B in funding in 2026 to date.

Where does Paperspace rank among its competitors?

Paperspace ranks 55th amongst 908 active competitors, of which 144 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Factory, which secured $150M in Apr, 2026.

Who are the top competitors of Paperspace?

Paperspace's top competitors include Vercel, DigitalOcean and Lightning. Among them, Factory secured the most recent funding round in April, 2026.

Paperspace - 2026 Company Profile, Team, Funding & Competitors

Q: Is Paperspace an acquired company?

Paperspace got acquired by DigitalOcean on Jul 06, 2023.

Company Details

Cloud based machine learning development platform provider. Virtual desktops are provisioned in minutes and can be accessed through any web browser. It allows a personal computer to take cloud much like what the Chromebook does as against desktop virtualization solutions that exist today. It has also come up with a device that can connect to Paperspace with the availability of the Internet.

Website: www.paperspace.com/
Social
Email ID: *****@paperspace.com
Registered Address: Brooklyn, New York

Key Metrics

Founded Year

2014

Location

Brooklyn, United States

Stage

Acquired

Total Funding

$35M in 7 rounds

Latest Funding Round

Series A, May 24, 2021, $*****

Investors

Initialized Capital & 30 more

Ranked

55^th among 908 active competitors

Employee Count

20 as on Dec 31, 2021

Similar Companies

Vercel & 2475 more

Exit Details

Acquired by DigitalOcean (Jul 06, 2023)

View Paperspace's full profile

Paperspace is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAPERSPACE CO. CIN: 472339071 , United States, Active	Dec 26, 999	-	29 (As on Dec 31, 2022)	-

Paperspace got acquired by DigitalOcean on Jul 06, 2023 at an acquisition amount of $*****.

Click here to take a look at Paperspace's acquisition in detail

Paperspace has raised a total funding of $35M over 7 rounds. Its first funding round was on Mar 03, 2015. Paperspace has 30 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Paperspace:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 24, 2021	4588838	Series A	6276198	7764470	6385634	4131787
Oct 16, 2018	4665998	Series A	6725068	7472602	8986030	8406987
Oct 04, 2016	9133427	Series A	4660685	7641809	Ludlow Ventures & 3 more	2356169

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View details of Paperspace's funding rounds and investors

The founders of Paperspace are Dillon Erb and Daniel Kobran. Dillon Erb is the CEO of Paperspace.

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

Dillon Erb: Co-Founder & CEO of Paperspace.
Contact Info: 1 email address
Daniel Kobran: Co-Founder of Paperspace.
Contact Info: 1 email address

View details of Paperspace's Founder profiles and Board Members

Paperspace's employee count trend

Paperspace has 20 employees as of Dec 21. The total employee count is 11.0% more than what it was in Dec 20. Here is Paperspace's employee count trend over the years:

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Top competitors of Paperspace include Vercel, DigitalOcean and Lightning. Here is the list of Top 10 competitors of Paperspace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 30 others	81/100
2nd	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Access Technology Ventures ... & 46 others	80/100
3rd	Lightning 2017, New York City (United States), Series C	Provider of low code AI application development software	$127M	Index Ventures, Coatue & 10 others	76/100
4th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Y Combinator & 16 others	74/100
5th	Abacus.AI 2019, San Francisco (United States), Series C	Provides AI based data models creation for data science	$90.2M	Tiger Global Management, Coatue & 21 others	72/100
6th	Weights & Biases 2017, San Francisco (United States), Acquired	Provider of machine learning model development and management solutions	$250M	Bond Capital, Insight Partners & 19 others	72/100
7th	DataRobot 2012, Boston (United States), Series G	Provider of an agent workforce platform for enterprise artificial intelligence	$1.05B	New Enterprise Associates, Sapphire Ventures ... & 77 others	71/100
8th	Anyscale 2019, San Francisco (United States), Series C	Provider of an AI-based open source framework for building distributed applications	$281M	Andreessen Horowitz, Addition & 12 others	70/100
9th	Factory 2023, San Francisco (United States), Series C	Developer of artificial intelligence solutions for industrial automation and optimization	$220M	Sequoia Capital, Khosla Ventures & 20 others	69/100
10th	Progress 1981, Bedford (United States), Public	Platform offering IDE based application development software	-	August Capital, Sequoia Capital & 6 others	68/100
55th	Paperspace 2014, Brooklyn (United States), Acquired	Cloud based machine learning development platform provider	$35M	BoxGroup, Deep Learning & 29 others	50/100