DigitalOcean has now made sure about a $50 million in Series C financing round supported by the Access Industries, with interest from Andreessen Horowitz. The subsidizing follows the $320 million obligation financing in February and brings DigitalOcean value valuation of $1.15 billion.
Before, Andreessen Horowitz has driven organizations, for example, Groupon, Facebook, Lyft, Skype, Slack, and others.
Yancey Spruill, CEO at DigitalOcean, said “We are charmed to broaden our association with Access and a16z and consider this to be as adding solidarity to our accounting report empowering us to more readily serve our clients’ interest for our foundation, particularly during COVID-19 where we are seeing a speeding up of organizations progressing to the cloud.
DigitalOcean began its India activities when it charged its first server farm in Bangalore in the year 2016 with a seed speculation of $5 million, directed at the flourishing startup and designer network.