Thursday, 6 July, 2023

DigitalOcean Expands Cloud Computing Portfolio with Acquisition of Paperspace

DigitalOcean, a leading cloud infrastructure provider, has acquired Paperspace, a cloud computing startup, for $111 million in cash. The acquisition enables DigitalOcean to enhance its capabilities in the rapidly growing cloud market by incorporating Paperspace's advanced computing technology. With this strategic move, DigitalOcean aims to offer a more comprehensive range of solutions to its customers and strengthen its position as a key player in the cloud computing industry.