Start-Up DigitalOcean in SSD Powered Cloud Raised $37.2 Million

»»Start-Up DigitalOcean in SSD Powered Cloud Raised $37.2 Million

minDigitalOcean, Inc. has closed a $37.2 million series A led by Andreessen Horowitz with participation from existing investors IA Ventures and CrunchFund.

The firm was started in the summer of 2011 with a mission: to make developers lives easier. It thought that the other players in the space had made IaaS too complicated. It focused on user experience and simplicity.

With three engineers the company built the first version of its product and with help from the Hacker News community growth exploded when it announced its SSD powered cloud.

In the past 15 months and with only a handful of engineers, the firm has been able to hit some milestones. It launched over 1,000,000 virtual servers, processed 18,000,000 events, opened new datacenter regions in San Francisco, CA, and Singapore, for over 100,000 customers.

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2014-03-19T13:43:59-06:00