NEW DELHI, May 16 -- DigitalOcean, the cloud for developing modern apps, today announced it has closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z). The funding follows the $320 million debt financing in February and brings DigitalOcean's equity valuation to $1.15 billion.
"We are excited about this investment to support DigitalOcean as it enters its next phase of significant growth," said Pueo Keffer, managing director at Access Industries. "We remain extremely impressed with the company and its management and believe that both are well positioned to transform the cloud space for developers and SMBs in the years ahead."
"We are delighted to extend our partnership with A...