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 2 companies.

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.

How much is Paperspace worth?

The last known valuation of Paperspace was $***** as of 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 $281B in funding in 2026 to date.

Where does Paperspace rank among its competitors?

Paperspace ranks 94th amongst 1718 active competitors, of which 235 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Together AI, which secured $800M in Jul, 2026.

Who are the top competitors of Paperspace?

Paperspace's top competitors include Netlify, Vercel and CoreWeave. Among them, Together AI secured the most recent funding round in July, 2026.

Paperspace - 2026 Company Profile, Team, Funding & Competitors

Q: Is Paperspace an acquired company?

Paperspace got acquired by DigitalOcean on Jul 06, 2023.

Paperspace is an acquired company based in Brooklyn (United States), founded in 2014 by Dillon Erb and Daniel Kobran. It operates as a Cloud based machine learning development platform provider. Paperspace has raised $35M in funding from investors like Initialized Capital, Y Combinator and Intel Capital, with last known valuation of $*****. The company has 1718 active competitors, including 235 funded and 95 that have exited. Its top competitors include companies like Netlify, Vercel and CoreWeave.

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, $*****

Last Known Valuation

$***** as on Mar 03, 2015

Investors

Initialized Capital & 30 more

Ranked

94^th among 1718 active competitors

Employee Count

20 as on Dec 31, 2021

Similar Companies

Vercel & 2959 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	Reports
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	3830723	Series A	5794783	5690218	7686661	5581838
Oct 16, 2018	8684762	Series A	9967357	2366013	3383961	5304712
Oct 04, 2016	4339291	Series A	8259919	3951220	Ludlow Ventures & 3 more	7769846

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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 and founder of 2 other companies, Paperspace and Become Autonomous.
Contact Info: 2 email addresses
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 Netlify, Vercel and CoreWeave. 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	Netlify 2013, San Francisco (United States), Series D	Provider of a platform for web application development and deployment	$212M	EQT, Kleiner Perkins & 21 others	85/100
2nd	Vercel 2015, Covina (United States), Series F	Provider of cloud infrastructure and developer tools for web applications	$863M	Accel, GIC & 32 others	83/100
3rd	CoreWeave 2017, Livingston (United States), Public	Provider of cloud computing services for artificial intelligence workloads	$2.38B	Magnetar, Fidelity Investments & 43 others	81/100
4th	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Access Technology Ventures ... & 47 others	81/100
5th	Gitlab 2011, San Francisco (United States), Public	Provider of a platform for software development, security, and delivery	$435M	Khosla Ventures, Iconiq Capital & 52 others	81/100
6th	Lightning 2017, New York City (United States), Series C	Provider of low code AI application development software	$127M	NVentures, Coatue & 11 others	77/100
7th	Tuya 2014, Santa Clara (United States), Public	Provider of AI cloud platform services for smart product development	$200M	New Enterprise Associates, Future Fund & 12 others	75/100
8th	Anyscale 2019, San Francisco (United States), Acquired	Provider of an AI-based open source framework for building distributed applications	$281M	Andreessen Horowitz, Addition & 12 others	75/100
9th	Together AI 2022, San Francisco (United States), Series C	Provider of a platform for developing, fine-tuning, and deploying AI models	$1.33B	Emergence Capital, Salesforce Ventures & 34 others	75/100
10th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Harrison Metal, Ignition Partners & 16 others	74/100
94th	Paperspace 2014, Brooklyn (United States), Acquired	Cloud based machine learning development platform provider	$35M	Deep Learning, Zillionize & 29 others	50/100