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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