Digital Ocean Raises $83 Million

Crains reported that cloud infrastructure startup Digital Ocean has raised $83 million. The funds will help expand the company’s engineering team and “build on its position as the second-largest cloud provider after Amazon (NASDAQ:AMZN).”
As quoted in the publication:

The Series B round, which was announced Wednesday, was led by Access Industries, with participation from West Coast venture fund Andreessen Horowitz.

Based in SoHo, three-year old Digital Ocean has grown by providing an easy-to-use, quick-to-set-up service that gives software developers their own slice of a remote server that provides computing power for websites and applications. The new financing will allow the company to double its staff over the next 12 months to more than 300 employees, and add storage and networking capacity to an offering that now consists solely of computing power.

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