digitalocean

A look at 4 IPO updates and 2 late-stage funding rounds

Covering YC Demo Day yesterday was good fun, but I missed a few items while watching several hundred startup pitches. A few years ago, these stories might have been the biggest news of the week. But w

Olo raises IPO range as DigitalOcean sees possible $5B debut valuation

Let's explore both companies' pricing intervals through our usual lens of revenue multiples, market comps and general sass.

DigitalOcean’s IPO filing shows a two-class cloud market

This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.&#8

Vantage makes managing AWS easier

Vantage, a new service that makes managing AWS resources and their associated spend easier, is coming out of stealth today. The service offers its users an alternative to the complex AWS console with

This VC just closed on $60M to fund ‘technical risk,’ saying other VCs mostly do not

Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment,

DigitalOcean raises $50M more from Access Industries and a16z

Earlier today, DigitalOcean announced that it raised $50 million more from prior investors Access Industries and Andreessen Horowitz. The capital comes after the SMB and developer-focused cloud infras

As COVID-19 pummels global economy, 8 new companies join the $100M ARR club

We're adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale.

DigitalOcean raises $100M in debt as it scales toward revenue of $300M, profitability

DigitalOcean, a cloud infrastructure provider targeting smaller business and younger companies, announced today that it has secured $100 million in new debt from a group of investors, bringing its 201

DigitalOcean is laying off staff, sources say 30-50 affected

After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially betwee

Techstars’s new CEO on the state of the famed accelerator and what’s next for 2020

Like another famous accelerator program founded around the same time, Techstars has grown considerably since its 2006 launch in Boulder, Colorado. In fact, the brand seems to be in so many places tha

DigitalOcean launches managed MySQL and Redis database services

Half a year after launching its managed PostgreSQL service, upstart hosting and cloud services platform DigitalOcean today announced the launch of its managed MySQL and Redis database offerings. Like

DigitalOcean gets a new CEO and CFO

DigitalOcean, the cloud infrastructure service that made a name for itself by focusing on low-cost hosting options in its early days, today announced that it has appointed former SendGrid COO and CFO

A hotspot finder app exposed 2 million Wi-Fi network passwords

A popular hotspot finder app for Android exposed the Wi-Fi network passwords for more than two million networks. The app, downloaded by thousands of users, allowed anyone to search for Wi-Fi networks

DigitalOcean launches its managed database service

DigitalOcean started as an affordable but basic virtual private server offering with a pleasant user interface. Over the last few years, the company started adding features like object and block stora

DigitalOcean launches its container service

It’s KubeCon/CloudNativeCon this week, the world’s largest confab for all things cloud-native, containers, Kubernetes and DevOps. Every company that’s doing anything remotely related

After 20 years of Salesforce, what Marc Benioff got right and wrong about the cloud

As we enter the twentieth year of Salesforce, there's an interesting opportunity to reflect back on the change that Marc Benioff created with the software-as-a-service (SaaS) model for enterprise soft

DigitalOcean launches its container platform

DigitalOcean is getting into the container game. While it’s still best known for its affordable virtual private server hosting, the company’s ambition is to become a major player in the cl

Catalyst brothers find capital success with $2.4M from True

Over the past few years, the old language of “customer support” has been supplanted by the new language of “customer success.” In the old model, companies would essentially disappear following

DigitalOcean gives you more RAM and storage for the same price

Cloud hosting company DigitalOcean is launching some new price offerings today. In particular, the company is also upgrading its basic $5 droplet instances with better specs for the first time in year

How Tier 2 cloud vendors banded together to cope with Spectre and Meltdown

Earlier this week news broke of a pair of massive chip vulnerabilities dubbed Spectre and Meltdown (for an explainer see this post). We learned that the larger cloud vendors like Amazon, Google and M
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