DigitalOcean logo
Founded 2012

DigitalOcean

2021 Revenue

$357.0M

YOY

Funding

$455.4M

How DigitalOcean hit $357.0M in Revenue with 700K Customers in 2021.

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 (0.00%)
Total Expenses

$29.7M

=
Net Income

$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

New YorkNew YorkUnited States
$Funding$Revenue

DigitalOcean 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

DigitalOcean Valuation and 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 DateRoundAmountTotalValuation
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

-


Is this your company? Add our badge to your website:

DigitalOcean Board of Directors

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

People Also Viewed

Workday logo

Workday

Workday is a software-as-a-service provider that offers enterprise resource planning software for medium and large enterprises. The firm's roots are in ERP software vendor PeopleSoft, which was founded by Workday cofounder David Duffield, while fellow Workday cofounder Aneel Bhusri served as vice chairman at PeopleSoft. The company's product portfolio is centered on human capital and financial management software, though it continues to add new applications to the product set. Just over 75% of the firm's revenue comes from the U.S. The company continues to grow by making periodic small acquisitions.

Masmovil Telecom 3.0 logo

Masmovil Telecom 3.0

Provider of mobile telecommunication services in Spain. The company offers universal telecommunications services including fixed, mobile, ADSL, fiber, datacenter and value added services to residential customers, businesses and operators.

Okta logo

Okta

Okta Inc is an independent provider of identity for the enterprise. It pioneered identity in the cloud. The Okta Identity Cloud enables customers to secure their users and connect them to technology, anywhere, anytime and from any device. The Okta Identity Cloud is used by organizations in two distinct and powerful ways, to manage and secure their internal users, and to connect and secure their external users via the powerful APIs it has developed. The company derives revenue from subscription fees which include support fees, and professional services fees.

Bandwidth logo

Bandwidth

Bandwidth is a Communications Platform as a Service company.

Appian logo

Appian

Discover the power of low-code automation. Appian is the only leader recognized by industry analysts -- in automation, low-code, and case management.

Icertis logo

Icertis

Icertis is an enterprise contract management platform in the cloud that solves hard contract management problems on an easy to use platform. With Icertis, companies can accelerate business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize the commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft, and Roche to manage 5.7 million contracts in 40+ languages across 90+ countries. Icertis was founded on 2009 and is headquartered in Bellevue, Washington.|Icertis is an AI-powered contract management platform that ensures compliance and minimizes risk|.

View Instantly:

Create a free account to view data on 30,318 SaaS Companies

30,318 companies | Updated Wed Oct 20 2021

GetLatka is the only place to get accurate revenue data on SaaS companies. You'll also see valuations, growth rates, CEO emails and 28 other metrics per company. Signup below to view instantly.

We interview hard-to-reach SaaS founders.

interviews

Then take audio data and organize it in charts and excel.

charts