DigitalOcean logo
Founded 2012

DigitalOcean

2021 Revenue

$357.0M

YOY

29.35%

Funding

$455.4M

Overview

About DigitalOcean

DigitalOcean is a cloud computing platform that provides a cloud platform to deploy, manage, and scale applications of any size. Its infrastructure and platform-as-a-service solutions provide a no DevOps required experience, allowing developers to focus their energy on creating innovative software. By combining the power of simplicity, love for the developer community, an obsession for customer service, and the advantages of open source, DigitalOcean brings software development within the technical and economic reach of anyone around the world. DigitialOcean was formed in 2012 and is headquartered in New York, NY, USA.

Monthly Revenue

$29.8M

+ $6.8M (29.35%)
Total Expenses

$29.7M

=
Net Income

$1.0

Ebidta Margin

0.00%

+
YOY Growth

29.35%

=
Rule of 40

29


Headquarters

New YorkNew YorkUnited States

DigitalOcean Revenue vs Funding

$Funding$Revenue

Revenue

In 2021, DigitalOcean revenue run rate hit $357.0M in revenue.

53.00%▲48.00%▲14.00%▲25.00%▲10.00%▲29.00%▲$77.0M$118.0M$175.0M$200.0M$250.0M$276.0M$357.0M

Funding History

DigitalOcean has raised a total of $455.4M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
05/14/2020$50.0M$1.2B
02/21/2020$100.0M
04/14/2016$130.0M$683.0M
08/07/2015$83.0M
09/12/2014$50.0M
06/03/2014$37.2M
09/09/2013$2.0M
07/15/2013$3.2M

Customers

DigitalOcean has 700K customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

DigitalOcean has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

DigitalOcean has 619 employees. They have 7 sales reps that carry a quota They have an engineering team of 257. and a marketing team of 21.

20142016201820192020597.00%▲91.00%▲48.00%▲-15.00%▼
DistributionQty

Total Team Size

619

Engineers

257 (42%)

Sales

7 (1%)

Marketing

21 (3%)

CEO/Founder

Yancey Spruill


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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DigitalOcean Board of Directors

NamePosition
Pueo  KefferBoard of Director
Steve DowBoard of Director
Peter LevineBoard of Director
Amy ButteBoard of Director
Ben UretskyBoard of Director
Brad GillespieBoard of Director
Moisey UretskyBoard of Director

DigitalOcean Executives

NamePosition
Yancey SpruillChief Executive Officer
Bill SorensonChief Financial Officer
Carly BrantzChief Marketing Officer
Jeff  GuyChief Operating Officer
Matt NormanChief People Officer
Barry CooksChief Technology Officer

DigitalOcean Employees

NamePosition
Al SeneVice President Of Engineering
Danielle FisherVice President of Customer Support
Brian EricksonVice President of FP&A at DigitalOcean
Adrienne CalderoneVice President of Finance
Chris HigginsVice President of Infrastructure
Apurva JoshiVice President of Products
Arif KadirVice President of Revenue Marketing
JJ FestosoVice President of Strategic Sourcing
Rafael MojicaVice President of User Experience

Frequently Asked Questions about DigitalOcean

When was DigitalOcean founded?

DigitalOcean was founded in 2012.


Who is the CEO of DigitalOcean?

The CEO of DigitalOcean is Yancey Spruill


How many employees does DigitalOcean have?

DigitalOcean has 619 employees.

How much revenue does DigitalOcean generate?

DigitalOcean generates $357.0M in revenue.


How much funding does DigitalOcean have?

DigitalOcean has raised $455.4M.


Where is DigitalOcean headquarters?

DigitalOcean is headquartered at New YorkNew YorkUnited States

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