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 2020, set during its Series C 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 |
|---|---|---|---|---|---|
| 2020 | Secondary Market | $750K | - | - | |
| 2020 | Series C | $50M | $1.2B | 4% | |
| 2020 | Series C | $100M | - | - |
Founders
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.
Rafael Mojica
Vice President of User Experience
Rafael leads the User Experience teams at DigitalOcean with a career of 10+ years in the User Experience Design field. Prior to DigitalOcean, he was part of the leadership team at Transfix, an on-demand freight logistics market place in New York City.
Danielle Fisher
Vice President of Customer Support
Danielle is Vice President of Customer Support & Success at DigitalOcean. In this role, she oversees the entire customer support organization for the company.
JJ Festoso
Vice President of Strategic Sourcing
JJ Festoso is the Vice President of Strategic Sourcing at DigitalOcean and is focused on supplier management and expense optimization across infrastructure, capital, and overall operating expenses.
Apurva Joshi
Vice President of Products
Apurva Joshi (AJ) is Vice President of Products at DigitalOcean, where he drives the overall product strategy and roadmap for the company. He leads the Product Management, Marketplace and Documentation teams with a focus on delivering scalable cloud solutions that empower every developer in the world to build great software.
Bill Sorenson
Chief Financial Officer
Bill is DigitalOcean’s Chief Financial Officer, responsible for overseeing and scaling the company’s global finance organization. He brings more than 30 years of extensive financial management, capital markets and global operations experience to DigitalOcean, applying his speciality for building and managing global teams.
Carly Brantz
Chief Marketing Officer
As Chief Marketing Officer, Carly oversees DigitalOcean’s worldwide marketing operations as the company continues to expand its global customer base. In this role, she’s responsible for scaling DigitalOcean’s self-serve and sales-led acquisition initiatives, as well as its global brand, community, and developer relations efforts.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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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