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Is DigitalOcean a private company?

Last updated on September 25, 2022 @ 2:21 pm

DigitalOcean is a privately held company. In February 2017, DigitalOcean raised $106 million in a Series C funding round. Prior to this, the company had raised $5.5 million in a Series A funding round in March 2013. DigitalOcean is headquartered in New York City. The company offers cloud-based colocation, hosting, and platform services.

PRO TIP: DigitalOcean is a publicly traded company on the New York Stock Exchange (NYSE: DO). As such, it is subject to all the rules and regulations governing public companies.

DigitalOcean provides a variety of services, including Droplet, which is its standard cloud platform product. Droplets are small, cheap, and easy to use, making it a popular choice for web applications and microservices. Droplets are managed by DigitalOcean’s platform, which also offers additional features, such as automatic scaling, backUPS, and security. In addition, DigitalOcean offers a variety of tools, including its API, for developers to build applications on its platform.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.