DigitalOcean
Valuation
$5B
2024 Revenue
$820M
Customers
700K
Funding
$150.8M
YOY
18.3%
Avg ACV
$1.2K
Team
906
Profits
$1
How DigitalOcean CEO Yancey Spruill grew DigitalOcean to $820M revenue and 700K customers in 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.
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 |
|---|---|---|---|---|
| 2020 | Secondary Market | $750K | - | - |
| 2020 | Series C | $50M | $1.2B | 4% |
| 2020 | Series C | $100M | - | - |
DigitalOcean Employees & Team Size
DigitalOcean employs approximately 906 people as of 2026, up from 619 in 2020.
DigitalOcean has 906 total employees in different roles and functions and 24 sales reps that carry a quota. They have 700K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 906 employees (April 2021) |
| 2020 | Reached 619 employees (December 2020) |
| 2020 | Reached 500 employees (August 2020) |
Founder / CEO
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how DigitalOcean acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently 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.
How many employees does DigitalOcean have?
DigitalOcean has 906 employees.
Where is DigitalOcean headquarters?
DigitalOcean is headquartered in New York, New York, United States.
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Compare DigitalOcean to the industry
DigitalOcean operates across multiple industries. Browse revenue, funding, and growth data for DigitalOcean in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .