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DigitalOcean raised $83m this week, which it will use to add features to its IaaS platform

DigitalOcean raised $83m this week, which it will use to add features to its IaaS platform

DigitalOcean this week announced it has raised $83m in a series B funding round the cloud provider said would help it ramp up global expansion and portfolio development.

The round was led by Access Industries with participation from seasoned tech investment firm Andreessen Horowitz.

DigitalOcean offers infrastructure as a service in a variety of Linux flavours and and aims its services primarily at developers, though the company said the latest round of funding, which brings the total amount it has secured since its founding in 2012 to $173m, will be used to aggressively expand its feature set.

“We are laser­-focused on empowering the developer community,” said Mitch Wainer, co-founder and chief marketing officer at DigitalOcean. “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.”

Although the company is fairly young, and with just ten datacentres globally it claims to serve roughly 500,000 (individual) developers deploying cloud services on its IaaS platform, a respectable size by any measure. It also recently added another European datacentre in Frankfurt back in April, the company’s third on the continent.

But with bare bones IaaS competition getting more intense it will be interesting to see how DigitalOcean evolves; given its emphasis on developers it is possible the company’s platform could evolve into something more PaaS-like.

“We began with a vision to simplify infrastructure that will change how millions of developers build, deploy and scale web applications,” said Ben Uretsky, chief exec and co-­founder of DigitalOcean. “Our investors share our vision, and they’ll be essential partners in our continued growth.”

@BizCloud
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