DigitalOcean Holdings Inc., a cloud solution provider catering to small and medium-sized businesses (SMBs) and startups, has successfully acquired Paperspace. Recognized as a supplier of cloud infrastructure services specifically designed for highly scalable applications utilizing graphics processing units (GPUs), Paperspace brings valuable expertise to DigitalOcean’s already impressive platform.
By integrating Paperspace’s advanced technology, DigitalOcean can expand its offerings, empowering customers to effortlessly test, develop, and deploy artificial intelligence and machine learning (AI/ML) applications. Furthermore, this integration allows users to bolster and enhance existing AI/ML applications while harnessing the full potential of GPUs, a traditionally exclusive domain of large enterprises. This acquisition represents a significant milestone for DigitalOcean as it continues to solidify its position as a leader in the cloud industry while providing accessible solutions to SMBs and startups.