Acquiring Company
DigitalOcean
Acquired Company
Paperspace Co.
BroomfieldBrooklynInformation TechnologySoftwareCloud InfrastructureCloud ComputingInformation TechnologySoftwareArtificial IntelligenceSaaSDescription
DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for small and medium-sized businesses (SMBs) and startups, has acquired Paperspace, a leading provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs). The acquisition and integration of Paperspace’s advanced technology into the DigitalOcean platform will extend DigitalOcean’s offerings, enabling customers to more easily test, develop and deploy artificial intelligence and machine learning (AI/ML) applications, augment and enhance existing AI/ML applications and utilize GPUs in ways that have predominantly been the domain of large enterprises.
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Who to call at DigitalOcean, and when
When DigitalOcean changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day DigitalOcean raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DigitalOcean, from your own LinkedIn network
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Frequently asked
Who acquired Paperspace Co.?
Paperspace Co. was acquired by DigitalOcean, based in Broomfield. The deal was reported on July 6, 2023. DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. DigitalOcean is publicly traded (DOCN) and operates in Information Technology.
When did DigitalOcean acquire Paperspace Co.?
DigitalOcean's acquisition of Paperspace Co. was reported on July 6, 2023. DigitalOcean Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Paperspace Co. do?
Paperspace is a cloud platform for building and scaling AI applications. Paperspace customer use-cases include deploying LLMs, fine-tuning Foundation Models, building the next ChatGPT, harnessing generative media, and many more. It is privately held, operating in Information Technology, and is based in Brooklyn.
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