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IaaS Provider DigitalOcean Receives $37.2 Million Investment

March 07, 2014
by Staff Writer

IaaS provider DigitalOcean has received a $37.2 million Series A investment. The investment was provided by Silicon Valley venture capital company Andreessen Horowitz alongside a contribution from the company’s current investors IA Ventures and CrunchFund.

The company, which was established in 2011, aims to “make developers lives easier” by simplifying the overcomplicated IaaS experience. The company built its own cloud automation platform rather than adopting an existing solution. With “thousands of servers spread across the entire world”, the company’s services are entirely scalable.

The first version of the company’s solution (an SSD powered cloud) was developed with the assistance of the Hacker News community and developed using just three engineers. Since then the company has enjoyed significant growth. Over the last 15 months the company has set up over 1 million virtual servers and processed 18 million events. In addition, the company set up new data centers in San Francisco and Singapore.

“We met with Peter Levine of Andreessen Horowitz and he immediately impressed us not only with his technical knowledge but also with his views on open-source and how to build successful companies around that focus,” suggested the DigitalOcean on the company’s blog.

Do you know of any other companies receiving angel investment? Let us know the details. Add your comments below.

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