Wednesday, July 8, 2015

DigitalOcean Raises $83 Million for Cloud Hosting

DigitalOcean, a start-up based in New York City, announced $83 million in Series B funding for its cloud infrastructure for developers of websites and applications.

DigitalOcean offers simple cloud hosting with all servers built on powerful Hex Core machines with dedicated ECC Ram and RAID SSD storage. The company notes that more than 6 million Droplets (cloud servers) have been deployed on DigitalOcean by more than 500,000 developers to date.

The funding round was led by Access Industries, with participation from Andreessen Horowitz.

https://www.digitalocean.com/features/technology/

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