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Is DigitalOcean a unicorn?

Last updated on September 25, 2022 @ 1:40 pm

DigitalOcean is a unicorn. This means that it is one of the few companies that has achieved a $1 billion valuation. Its unique selling proposition is that it provides low-cost, cloud-based computing services. DigitalOcean has attracted investors such as Fidelity Investments, Andreessen Horowitz, and Index Ventures.

PRO TIP: This question is a bit of a loaded question. While DigitalOcean may be a great hosting company, they are not a unicorn. A unicorn is a mythical creature that does not exist in real life. So, while you may love DigitalOcean, they are not a magical creature that will solve all of your hosting problems.

Its business model is based on charging customers for resources used, rather than charging for capacity. This strategy has allowed it to maintain a low-cost structure, while still attracting a large number of customers. DigitalOcean is a well-funded company, and it is likely to continue to grow and attract new investors.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.