DigitalOcean, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
DigitalOcean, LLC - overview
Established
2012
Location
New York, NY, US
Primary Industry
Software
About
Based in New York, US, and founded in 2012, DigitalOcean, LLC provides integrated solutions that enable developers to create, deploy, manage, secure, scale, and monitor applications including artificial intelligence and machine learning workloads, hosted services, and client websites. The company was co-founded by Alec Hartman, Ben Uretsky, Jeff Carr, Mitch Wainer, and Moisey Uretsky. In July 2023, DigitalOcean, LLC, a portfolio company of Access Industries, Andreessen Horowitz, CapX Partners, IA Ventures, Mighty Capital, Techstars Ventures, Tuesday Capital, and Viaduct Ventures, acquired Preqin, Ltd. from Center Electric Ventures for USD 111 million.
DigitalOcean, LLC works with developers, by offering the solutions (Infrastructure as a Service) and SaaS-based (Software as a service). The company enables developers to host a website, build web and mobile applications, create streaming services, develop gaming applications, set-up VPN (Virtual Private Network), run big data workloads, cloud partnerships, build and scale SaaS solutions, and manage cloud hosting. DigitalOcean, LLC generates revenue by selling cloud-based infrastructure and platform solutions to developers.
Current Investors
Barclays Bank, Pacific Western Bank, HSBC - North America
Primary Industry
Software
Sub Industries
Data Centers, Website Hosting, Web Development, IT Infrastructure, Storage Management Software, Monitoring & Security Software, Application Integration Software
Website
www.digitalocean.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
DigitalOcean, LLC - timeline of key events
DigitalOcean, LLC - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 203,136,000 | 254,823,000 | 318,380,000 | 428,561,000 | 576,322,000 | - | - | - |
| % Revenue Growth (YoY) | - | 25.4% | 24.9% | 34.6% | 34.5% | - | - | - |
| EBITDA (USD) | 25,121,000 | 33,176,000 | 59,783,000 | 77,186,000 | 76,013,000 | - | - | - |
| Operating Income (USD) | (27,294,000) | (29,905,000) | (15,791,000) | (11,186,000) | (26,219,000) | - | - | - |
| Operating Margin | (13.4%) | (11.7%) | (5.0%) | (2.6%) | (4.5%) | - | - | - |
| % EBITDA Margin | 12.4% | 13.0% | 18.8% | 18.0% | 13.2% | - | - | - |
| NET Income (USD) | (35,999,000) | (40,390,000) | (43,568,000) | (19,503,000) | (24,283,000) | - | - | - |
| % Net Margin | (17.7%) | (15.9%) | (13.7%) | (4.6%) | (4.2%) | - | - | - |
DigitalOcean, LLC - employee data
DigitalOcean, LLC - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.