News March 26, 2026
2 min read
DigitalOcean Raises $800 Million in Upsized Stock Offering to Fund AI Cloud Infrastructure
DigitalOcean priced an upsized public offering of 10.4 million shares at $77 each, raising approximately $800 million in gross proceeds. The company plans to direct the capital toward AI platform infrastructure, additional data center capacity, and repayment of its Term Loan A facility. The raise comes as DigitalOcean positions itself as an AI inference cloud for developers and SMBs competing against AWS, Azure, and Google Cloud.