New York-based cloud provider and Virtual Private Servers (VPS) specialist
DigitalOcean has received an $83 million investment via Andreessen Horowitz and New York-based Access Industries - a US company which is led by Len Blavatnik and has previously invested in companies like Alibaba, Pinterest, Spotify and Uber. The latest Series B investment brings the company's total funding to date to around $170 million. The money will be used to employ more team members and increase its product range.
DigitalOcean is the world's second-largest web hosting provider with 500,000 users utilizing its cloud servers. The company was established in 2012 with a vision of simplifying infrastructure to enable developers to "build, deploy, and scale web applications". Its latest funding comes on the heels of 2014's Series A funding which raised raising $37.2 million and a $50 million credit facility from Fortress Investment Group LLC in December 2014.
“We are laserfocused on empowering the developer community,” explained DigitalOcean's CMO and co-founder Mitch Wainer. “This capital infusion enables us to expand our world-class engineering team so we can continue to offer the best infrastructure experience in the industry.”
“We began with a vision to simplify infrastructure that will change how millions of developers build, deploy and scale web applications,” explained Ben Uretsky, the company's other co-founder and CEO. “Our investors share our vision, and they’ll be essential partners in our continued growth.”
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