Five years after leading an $83m series B round, Access Industries has returned to also lead a $50m series C round for DigitalOcean that is now valued at $1.15bn.
US-based cloud infrastructure company DigitalOcean completed a $50m series C round yesterday led by diversified conglomerate Access Industries.
Venture capital firm Andreessen Horowitz also participated in the round, which valued DigitalOcean at $1.15bn.
Founded in 2012, DigitalOcean provides scalable cloud infrastructure for developers that facilitates the global deployment of applications. It has attracted more than 500,000 clients to date, with two-thirds of these located outside the US.
The money will allow DigitalOcean to cope with increased demand as businesses accelerate…
