DigitalOcean Raises $83M In Series B Funding Led By Access Industries

On July 8, DigitalOcean announced the finalization of $83M in Series B funding led by Access Industries, with additional participation from Andreessen Horowitz, the leader of DigitalOcean’s Series A funding round. The funding will be used to accelerate product development and build out the company’s team. Since its inception in 2012, more than 500,000 developers have deployed over 6 million droplets of DigitalOcean server capacity in various sizes. The company boasts the capability to provision a server in less than 55 seconds on a SSD hard drive by means of a highly intuitive user interface that streamlines provisioning and deployment. Today’s capital raise brings the total funding raised by DigitalOcean to $123.4M and underscores the success of the company’s mission to streamline and simplify infrastructure deployment for developers. In a blog post, the company noted that it intends to work on bringing the simplicity of provisioning infrastructure to deploying and managing production-grade environments in a sign that DigitalOcean intends to expand and enrich its product offerings while continuing to scale to accommodate its explosive growth.

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