DigitalOcean Garners $50,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef14cb50-d700-48c4-ac3e-9a984b5aab71 - Date
12/9/2014 - Company Name
DigitalOcean - Mailing Address
270 Lafayette St. New York, NY 10012 USA - Company Description
DigitalOcean isn’t planning to get into the game of cutting prices on its services the way Amazon does. But he said those price cuts can be “somewhat irrelevant,” as they apply to services that few AWS users pay for. - Website
http://www.digitalocean.com - Transaction Type
Debt - Transaction Amount
$50,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
DigitalOcean itself has also been expanding. It had 40 employees at the beginning of the year. It now has 110, Mr. Uretsky said. To accommodate them, the company leased a larger office space in SoHo, a prime location in New York. It has also been spending on testing new hardware “that costs many times more and allows more capacity. - M&A Terms
- Venture Investor
