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, the latest employee count at Paperspace is 20.

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.

Where does Paperspace rank among its competitors?

Paperspace ranks 59th amongst 780 active competitors, of which 139 are funded. It stands 17th 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 Paperspace?

Paperspace's top competitors include DigitalOcean, Vercel and Lightning. Among them, Vercel secured the most recent funding round in September, 2025.

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

59^th among 780 active competitors

Employee Count

20 as on Dec 31, 2021

Similar Companies

DigitalOcean & 2363 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	-	20 (As on Dec 31, 2021)	-

Paperspace got acquired by DigitalOcean on Jul 06, 2023 at an acquisition amount of $111M. It was facilitated by Union Square Advisors.

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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 24, 2021	8726549	Series A	3656819	1903596	5173313	9984590
Oct 16, 2018	5066818	Series A	5859896	4378486	1211909	9474222
Oct 04, 2016	8501652	Series A	2135731	7003246	Ludlow Ventures & 3 more	5939915

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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.

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 DigitalOcean, Vercel 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	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Technology Ventures, Access Industries ... & 46 others	80/100
2nd	Vercel 2015, Covina (United States), Series F	Provider of developer tools and cloud infrastructure for web application development and deployment	$863M	Accel, GIC & 29 others	79/100
3rd	Lightning 2017, New York City (United States), Series C	Provider of low code AI application development software	$127M	Coatue, J P Morgan & 11 others	74/100
4th	Heroku 2007, San Francisco (United States), Acquired	Saas based provider of integrated platform as a service solutions	$17M	Ignition Partners, Harrison Metal & 16 others	72/100
5th	Abacus.AI 2019, San Francisco (United States), Series C	Provides AI based data models creation for data science	$90.2M	Coatue, Tiger Global Management & 22 others	72/100
6th	Weights & Biases 2017, San Francisco (United States), Acquired	Provider of machine learning model development and management solutions	$250M	Bond Capital, Coatue & 17 others	71/100
7th	Anyscale 2019, San Francisco (United States), Series C	Provider of an AI-based open source framework for building distributed applications	$281M	Andreessen Horowitz, New Enterprise Associates ... & 8 others	70/100
8th	Progress 1981, Bedford (United States), Public	Platform offering IDE based application development software	-	New Enterprise Associates, August Capital ... & 5 others	66/100
9th	MindsDB 2017, Berkeley (United States), Series A	Predictive analytics platform for enterprise data	$53.7M	Benchmark, OpenOcean & 13 others	65/100
10th	Calypso 2018, San Francisco (United States), Acquired	Provider of AI based custom solutions	$43.2M	Paladin Capital, ADS Ventures & 12 others	65/100
59th	Paperspace 2014, Brooklyn (United States), Acquired	Cloud based machine learning development platform provider	$35M	Deep Learning, Sixty Degree Capital & 29 others	50/100