[16] In July 2019, Yancey Spruill, former CFO and COO of SendGrid (a fellow Techstars company), replaced Templeton as CEO.

[21][22] Based on technology acquired from Nimbella and the open source Apache OpenWhisk project, DigitalOcean Functions is a serverless platform that allows developers to build and run applications without having to manage servers.

[23][24][25][26] In August 2022, DigitalOcean acquired Cloudways, a Pakistani cloud hosting service provider, for $350 million in an all-cash deal.

[34] Its series A round of funding in March 2014, led by venture capitalist firm Andreessen Horowitz, raised US$37.2 million.

[35] In December 2014, DigitalOcean raised US$50 million in debt financing from Fortress Investment Group in the form of a five-year term loan.

[36][37] In July 2015, the company raised US$83 million in its series B round of funding led by Access Industries with participation from Andreessen Horowitz.

[42] DigitalOcean had been blocked in Iran as a result of an attempt to cut off the use of the Lantern internet censorship circumvention tool.

That led to a temporary block in April 2018 of Google, Amazon, Azure, and DigitalOcean, among others, in Russia by Roskomnadzor as a hosting provider for Telegram Messenger and VPS services.

[44][45] DigitalOcean offers virtual private servers (VPS), or "droplets" using DigitalOcean terminology, using KVM as the hypervisor[46] and can be created in various sizes (divided in two classes: standard and optimized), in 13 different data center regions (as of December 2020)[update][47] and with various options out of the box, including six Linux distributions and dozens of one-click applications.

[49] As of 2021,[update] DigitalOcean is hosting publicly available community forums and tutorials on open source and system administration topics.

Internally it's run by DigitalOcean Kubernetes, OpenChannel for the catalog API and data warehouse and Cloudflare for CDN and load-balancing.