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DigitalOcean Raises New Funding

Fast-growing cloud startup DigitalOcean today announced that it has raised $37.2 million in a Series A round of funding.

The new funding round was led by venture capital firm Andreessen Horowitz and included participation from CrunchFund and IA Ventures. DigitalOcean had previously raised a $3.2 million seed round of funding in July 2013.

The new funding will be used to expand DigitalOcean's hardware and employee base as the company continues to scale.

"We're growing quickly, and we're focused on hiring engineers as we scale," Mitch Wainer, chief marketing officer at DigitalOcean, told eWEEK.

Read the full story at eWEEK:
DigitalOcean Raises $37.2M in New Funding to Build Cloud

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.