DigitalOcean revenue hit $357 million in 2023
DigitalOcean valuation more than $5 billion
DigitalOcean team size is 906 employees
DigitalOcean
How DigitalOcean hit $357M Revenue with 700K customers in 2023.
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.,
2012
Founded
$357M
2022 Revenue
YOY
$150.8M
Funding
DigitalOcean Revenue
In 2022, DigitalOcean revenue run rate hit $357M in revenue.
2021
DigitalOcean hit $357M in revenue in 2021
2012
DigitalOcean launched in 2012 with $0 revenue
DigitalOcean Funding History
2020 Secondary Market
DigitalOcean raised a Secondary Market of $750K
2020 Series C
DigitalOcean raised a Series C of $50M at a $1.1B valuation in September 2020
2020 Series C
DigitalOcean raised a Series C of $100M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 09/14/2020 | Secondary Market | $750K | |
| 09/03/2020 | Series C | $50M | $1.1B |
| 05/14/2020 | Series C | $100M |
Team
DigitalOcean has 906 total employees and 24 sales reps that carry a quota. They have 700000 customers an engineering team of 341 and a marketing team of 39
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 906 |
| Engineer | 341(38%) |
| Sales | 24(3%) |
| Marketing | 39(4%) |
CEO/Founder
Yancey Spruill
As Chief Executive Officer, Yancey drives the overall strategy for DigitalOcean leading the company through its next phase of profitable growth. He brings a wealth of technical, financial, and leadership experience and spent the last 15 years in senior executive roles at technology companies including SendGrid and DigitalGlobe.
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Customers
DigitalOcean has 700K customers.
Lifetime Months
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x
Monthly ARPU
-
=
Lifetime Dollar
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Acquisition Cost
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Average Annual Price
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Churn
DigitalOcean has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About DigitalOcean
Monthly Revenue
$29.8M
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Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
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Rule of 40
0
DigitalOcean Board of Directors
| Name | Position |
|---|---|
| Pueo Keffer | Board of Director |
| Amy Butte | Board of Director |
| Steve Dow | Board of Director |
| Ben Uretsky | Board of Director |
| Peter Levine | Board of Director |
| Brad Gillespie | Board of Director |
| Moisey Uretsky | Board of Director |
DigitalOcean Executives
| Name | Position |
|---|---|
| Yancey Spruill | Chief Executive Officer |
| Bill Sorenson | Chief Financial Officer |
| Carly Brantz | Chief Marketing Officer |
| Jeff Guy | Chief Operating Officer |
| Matt Norman | Chief People Officer |
| Barry Cooks | Chief Technology Officer |
DigitalOcean Employees
| Name | Position |
|---|---|
| Yancey Spruill | Chief Executive Officer |
| Pueo Keffer | Board of Director |
| Rafael Mojica | Vice President of User Experience |
| Bill Sorenson | Chief Financial Officer |
| Amy Butte | Board of Director |
| Steve Dow | Board of Director |
| Carly Brantz | Chief Marketing Officer |
| Ben Uretsky | Board of Director |
| Peter Levine | Board of Director |
| Danielle Fisher | Vice President of Customer Support |
| JJ Festoso | Vice President of Strategic Sourcing |
| Apurva Joshi | Vice President of Products |
| Jeff Guy | Chief Operating Officer |
| Brad Gillespie | Board of Director |
| Al Sene | Vice President Of Engineering |
| Moisey Uretsky | Board of Director |
| Matt Norman | Chief People Officer |
| Chris Higgins | Vice President of Infrastructure |
| Adrienne Calderone | Vice President of Finance |
| Brian Erickson | Vice President of FP&A at DigitalOcean |
| Arif Kadir | Vice President of Revenue Marketing |
| Barry Cooks | Chief Technology Officer |
Frequently Asked Questions about DigitalOcean
When was DigitalOcean founded?
DigitalOcean was founded in 2012.
How much revenue does DigitalOcean generate?
DigitalOcean generates $357M in revenue.
Who is the CEO of DigitalOcean?
The CEO of DigitalOcean is Yancey Spruill.
How much funding does DigitalOcean have?
DigitalOcean raised $150.8M.
How many employees does DigitalOcean have?
DigitalOcean has 906 employees.
Where is DigitalOcean headquarters?
DigitalOcean is headquartered in United States