DigitalOcean Acquires Paperspace

July 6, 2023

DigitalOcean Holdings, Inc. has acquired Paperspace for $111 million in cash. The acquisition integrates Paperspace's GPU-powered cloud infrastructure and AI/ML tooling into DigitalOcean's platform to broaden AI/ML and GPU capabilities for SMB and startup customers.

Buyers
DigitalOcean Holdings, Inc.
Targets
Paperspace
Industry
Cloud & SaaS
Location
New York, United States
Transaction Type
Buyout

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