DigitalOcean
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- Legal Name: DigitalOcean, Inc.
- Website: digitalocean.com
- Founded: 2011
- Founder(s): Moisey Uretsky, Ben Uretsky, Jeff Carr, Alec Hartman, Mitch Wainer
- Wikipedia: en.wikipedia.org/wiki/DigitalOcean
- Stock Symbol: NYSE: XNYS:DOCN
What is DigitalOcean?
DigitalOcean is a cloud infrastructure provider headquartered in New York. The company provides cloud services to help users to deploy scale applications that run on multiple computers with its data centers around the globe. DigitalOcean managed to be one of the biggest hosting companies in terms of web-facing computers.
Ben and Moisey Uretsky, wanted to create a product that could combine the web hosting and virtual servers, after founding managed hosting business, ServerStack in 2003. Uretskys founded the company, which provided server provisioning and cloud hosting for developers in 2011. The next year, Uretskys met co-founder Mitch Wainer, in a response to a Craiglist job listing and the first beta product of DigitalOcean was launched in January of 2012. During that year, Jeff Carr, and Alec Hartman also joined the company.
In 2012, DigitalOcean also accepted into TechStars startup accelerator in Colorado and the founders of the company moved to Boulder, Colorado to improve the product. When the program was ended, the company managed to sign up 400 customers and launch around 10,000 cloud server instances. In 2013, DigitalOcean became one of the first companies that offer virtual machines with SSD. During the same year, the company launched its first European data center located in Amsterdam. The following year, DigitalOcean also continued expanding with the launch of its Singapore and London data centers, in 2015, expanded in Toronto, and in 2016 continued the expansion to India.
In 2018 the company launched its Kubernetes-based container service. A few months later Mark Templeton, former CEO of Citrix, replaced co-founder Ben Uretsky as the CEO. The following year, the company announced that Yancey Spruill, former CFO and COO of SendGrid appointed as the new CEO to replace Templeton. The company has 3 offices in New York, Cambridge, and India along with 12 data centers around the world. DigitalOcean claims that they provide the easiest cloud platform to deploy, manage, and scale applications of any size, removing infrastructure friction and providing predictability.
DigitalOcean News
DigitalOcean reports financial results and reduces workforce by 11%
DigitalOcean announced strong revenue growth with an increase in free cash flow margin for the fourth quarter and the full ...
DigitalOcean appoints Aaqib Gadit as Chief Revenue Officer
DigitalOcean announced the appointment of Aaqib Gadit as the company's new Chief Revenue Officer. Aaqib Gadit will be responsible for ...
Partner Pod: DigitalOcean’s new channel partner program
DigitalOcean introduced a new channel program that offers highly customized support and benefits for partners that cater to the unique ...
DigitalOcean announced second quarter results
DigitalOcean announced the company's financial results for the second quarter. At the end of the quarter, the company met its ...
CSS-Tricks joining DigitalOcean
DigitalOcean announced the acquisition of the CSS-Tricks website. It is a learning site that includes 6,500 articles, videos, guides, and ...
DigitalOcean announces third-quarter financial results
DigitalOcean Holdings, the cloud for developers, startups, and SMBs, announced its financial results for the third quarter of 2021. The ...
DigitalOcean appoints former Azure veteran as CPO
Cloud for developers, startups, and SMBs, DigitalOcean announced the appointment of Gabe Monroy as chief product officer. In his new ...
DigitalOcean acquires Nimbella
Cloud for developers, startups, and SMBs, DigitalOcean announced the acquisition of Nimbella, a serverless platform provider. With the acquisition, the ...
DigitalOcean announced financial results for Q2
DigitalOcean announced results for its second quarter ended June 30. According to the announcement, revenue grew 35% to $103.8 million ...
DigitalOcean’s cloud services is now on Name.com
Name.com is adding DigitalOcean Droplets to its portfolio. These solutions target developers, small and medium businesses, and startups. These basic ...
DigitalOcean introduced Managed MongoDB
DigitalOcean announced Managed MongoDB in partnership with MongoDB, a new offering that combines DigitalOcean's simplicity with MongoDB's technical capabilities. The ...
DigitalOcean organizes a virtual conference for developers and businesses
DigitalOcean hosts deploy, a virtual conference for developers, entrepreneurs and businesses on June 29 starting at 9:00 a.m. EDT. The event, ...
DigitalOcean customers’ billing data breached
According to online news sources, DigitalOcean customers' billing data has been breached. The company informed its customers with an email ...
DigitalOcean announces pricing for IPO
The cloud for developers, startups, and SMBs, DigitalOcean announced the pricing of its IPO of 16,500,000 shares of common stock ...
DigitalOcean gets SOC 2 Type II Certification and Cloud Security Alliance STAR Level 1
DigitalOcean announced that it has completed a SOC 2 Type II Service Organization Control (SOC 2) audit for its Trust ...
DigitalOcean files for IPO
Cloud provider DigitalOcean announced that the company filed a registration statement for the proposed initial public offering. The company also ...
DigitalOCean announced new Premium Droplets
The cloud for developers, startups, and SMBs, DigitalOcean announced new Premium Droplets plans. The latest offerings include Intel and AMD ...
DigitalOcean introduces GitLab integration for App Platform
DigitalOcean announced GitLab integration for App Platform, which allows users to deploy code directly from GitLab repositories. Users need to ...
DigitalOcean joins MANRS initiative
DigitalOcean has joined the Mutually Agreed Norms for Routing Security (MANRS) initiative for CDN and Cloud Providers to reduce common ...
Hilary Schneider and Warren Adelman joins DigitalOcean Board of Directors
DigitalOcean, the cloud for developing modern apps, announced the two new members of its board of directors. According to the ...
DigitalOcean offers new App Platform
DigitalOcean is offering the DigitalOcean App Platform to facilitate the automation of infrastructure management. This means easily deploy their production ...
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