DigitalOcean
New York, New York, United States
Valuation
$5B
2024 Revenue
$820M
Customers
700K
Funding
$150.8M
Avg ACV
$1.2K
Team · 2021
906
Founded
2012
DigitalOcean Revenue, Valuation & Funding (2024)
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.
Last updated
DigitalOcean Revenue
In 2024, DigitalOcean's revenue reached $820M. The company previously reported $693M in 2023. Since its launch in 2012, DigitalOcean has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | DigitalOcean Hit $820m revenue in December 2024 | s206.q4cdn.com |
| 2023 | DigitalOcean Hit $693m revenue in December 2023 | s206.q4cdn.com |
| 2021 | DigitalOcean Hit $357m revenue in March 2021 | |
| 2012 | Launched with $0 revenue |
DigitalOcean Valuation, Funding Rounds
DigitalOcean reached a $5B valuation in 2021, set during its Post-IPO Equity round.
DigitalOcean has raised $150.8M in total funding across 3 rounds, most recently a $750K Secondary Market round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Post-IPO Equity | - | $5B | - | |
| 2020 | Secondary Market | $750K | - | - | |
| 2020 | Series C | $50M | $1.2B | 4% | |
| 2020 | Series C | $100M | - | - |
Founder / CEO
Yancey Spruill
Chief Executive Officer
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.
Q&A
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Customers
DigitalOcean serves 700K customers.
DigitalOcean Employees & Team Size
DigitalOcean employs approximately 906 people as of 2026, up from 619 in 2020, including 24 sales reps that carry a quota. It serves 700K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 906 employees (April 2021) | |
| 2020 | Reached 619 employees (December 2020) | |
| 2020 | Reached 500 employees (August 2020) |
Frequently Asked Questions about DigitalOcean
What is DigitalOcean's revenue?
DigitalOcean generates $820M 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 across 3 rounds.
How many employees does DigitalOcean have?
DigitalOcean has 906 employees.
Where is DigitalOcean headquarters?
DigitalOcean is headquartered in New York, New York, United States.
Compare DigitalOcean to the industry
DigitalOcean operates across multiple industries. Browse revenue, funding, and growth data for DigitalOcean in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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