DigitalOcean
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Company History
Founded 2011 in New York City, New York, United States
In 2011, brothers Ben and Moisey Uretsky, along with Mitch Wainer, Jeff Carr, and Alec Hartman, were running a traditional managed hosting company in New York. They watched in frustration as Amazon Web Services became increasingly bloated, complicated, and impossible for individual developers to configure without dedicated DevOps teams. The founders envisioned a cloud server platform so simple that a developer could spin up a virtual server in under a minute with just a credit card. Entering the Techstars Boulder accelerator in 2012, they pioneered SSD-based virtual machines—calling them **Droplets**—for a flat $5 per month. In January 2013, tech evangelist John Carmack tweeted about DigitalOcean's speed, igniting a viral developer explosion that transformed DigitalOcean into a global cloud powerhouse.
Ben Uretsky is the Co-Founder and former CEO of DigitalOcean. Uretsky championed the $5 SSD Droplet, built its transparent pricing philosophy, and scaled the company through Techstars.
Moisey Uretsky co-founded DigitalOcean and designed its clean, minimalist user interface that made spinning up cloud servers effortless for developers.
Ben and Moisey Uretsky, Mitch Wainer, Jeff Carr, and Alec Hartman launched DigitalOcean.
Pioneered all-SSD virtual private servers for $5 per month, igniting viral developer adoption.
Scaled global data center footprints across New York, San Francisco, London, and Singapore.
Listed on the New York Stock Exchange, raising $775 million at a $5.0 billion valuation.
Acquired leading managed WordPress and PHP cloud hosting platform, expanding agency ARPU.
Acquired GPU cloud platform, enabling AI startups to train models on NVIDIA H100 clusters.
Former GoTo/LogMeIn CEO Paddy Srinivasan named CEO to scale enterprise AI and agency cloud.
Achieved annual recurring revenue exceeding $820 million USD across 640k+ global customers.
Acquired leading managed cloud hosting platform tailored for digital agencies and SMBs.
Acquired high-performance GPU cloud and machine-learning notebook platform.
Since its establishment in 2011, DigitalOcean expanded from an early-stage venture into a recognized leader in Cloud Infrastructure, Developer Virtual Private Servers (Droplets), Managed Kubernetes, AI Cloud GPU Hosting & Managed WordPress, overcoming key market challenges.
Over its history, DigitalOcean executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, DigitalOcean maintains resilience through changing technological and economic cycles.