DigitalOcean Raises $3.2 Mln

DigitalOcean has closed $3.2 million in funding. IA Ventures was the lead investor, with CrunchFund and TechStars also participating in the round. Headquartered in New York City, DigitalOcean is a provider of cloud hosting solutions.

PRESS RELEASE

New York, NY – August 7, 2013 – DigitalOcean, the world’s simplest and fastest cloud hosting service, has raised $3.2 million led by IA Ventures, with CrunchFund and TechStars participating.
One year after launch, DigitalOcean has more than 35,000 customers who have deployed over 300,000 virtual server “Droplets.” As Netcraft recently reported, they are growing faster than any other hosting provider. “The passion developers have for DigitalOcean is off the charts, and that love from their customers has only grown along with their meteoric rise in popularity,” said Brad Gillespie, a Partner at IA Ventures who has joined the Board.
DigitalOcean will use the funds to build out their global infrastructure to meet customer demand, and to grow their world-class engineering and marketing teams. For the full list of available jobs see digitalocean.com/jobs.
In addition to new hires, the funds will allow for expanding server capacity, adding new domestic and international locations, and rolling out features such as Object Storage, CDN, and 1-click installs of common frameworks. “The customer demand has been overwhelming. This funding will allow us to scale our cloud infrastructure to better serve developers across the globe, in every language and on any stack,” said Ben Uretsky, the company CEO and co-founder.
This extraordinary growth is fueled by DigitalOcean’s strong value proposition to developers, with the simplest cloud hosting experience. A virtual server with
512MB of memory, cutting-edge SSD hardware, hourly pricing, and a userfriendly control panel costs only $5/month. With their approach, a new developer can get a virtual server up and running in less than 55 seconds.
About DigitalOcean
Digital Ocean, Inc. (www.digitalocean.com / @digitalocean) offers simple SSD based cloud hosting. Headquartered in New York City, DigitalOcean has spun up over 300,000 virtual private servers since its inception. The company is a TechStars Graduate and has been featured Forbes, Pando Daily, TechCrunch, Venture Beat, and The Next Web.
Users can create a cloud server in 55 seconds, and pricing plans start at only $5 per month for 512MB of RAM, 20GB SSD, 1 CPU, and 1TB Transfer. Featuring a 99.99% Uptime SLA, DigitalOcean has servers located in New York, San Francisco, and Amsterdam. The interface has a simple, intuitive control panel, which power users can replicate on a larger scale with the company’s straightforward API. DigitalOcean uses KVM virtualization and additionally hosts a library of helpful walkthroughs and tutorials that cover server configuration and optimization. For more information, please visit www.digitalocean.com or email press@digitalocean.com.

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