DOCN - Mergers and acquisitions

Paperspace's high-performance GPU tooling enables small and medium-sized businesses around the globe to test, build, and scale AI models in the cloud DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for small and medium-sized businesses (SMBs) and startups, has acquired Paperspace, a leading provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs). The acquisition and integration of Paperspace's advanced technology into the DigitalOcean platform will extend DigitalOcean's offerings, enabling customers to more easily test, develop and deploy artificial intelligence and machine learning (AI/ML) applications, augment and enh

Acquisition expands DigitalOcean's current PaaS offerings to maximize developer productivity DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the acquisition of Nimbella, a serverless platform provider. The acquisition expands DigitalOcean's capabilities into the rapidly growing function-as-a-service (FaaS) market and will add an additional serverless compute offering to complement the company's existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, which target developers in small and medium-sized businesses (SMBs). Serverless computing removes the operational complexity in cloud-native environments for