DigitalOcean Acquires Paperspace to Expand AI Offerings
DigitalOcean Holdings Inc., the cloud for small and medium-sized businesses (SMBs) and startups, has acquired Paperspace, a leading provider of cloud infrastructure as a service for scalable applications. Highly scalable taking advantage of the graphics processing unit (GPU). The acquisition and integration of Paperspace’s cutting-edge technology into the DigitalOcean platform will expand DigitalOcean’s offerings, allowing customers to easily test, develop, and deploy artificial intelligence and machine learning (AI/ML) ), enhancing and improving existing AI/ML applications and GPU usage. in a way that’s mostly big business.
The growing demand for AI/ML cloud solutions makes Paperspace’s GPU-enabled infrastructure and AI/ML-focused software valuable additions to DigitalOcean’s portfolio. Like DigitalOcean’s cloud approach, Paperspace simplifies the AI/ML experience, enabling easy and cost-effective testing and production across various AI/ML use cases, such as generalization, text analysis and natural language understanding, recommendation engines, image classification, and more. than.
The acquisition benefits customers of both organizations. Paperspace customers will now have access to a broader cloud services platform. Paperspace customers will also have access to DigitalOcean’s comprehensive documentation, tutorials, and support system to help them on their journey to building and deploying AI applications. Now, DigitalOcean customers who have discovered or built AI/ML applications will be able to leverage GPUs alongside their CPU workloads. Together, DigitalOcean and Paperspace will provide small businesses and startups with a full suite of cloud services, enhanced networking, and the flexibility to leverage both GPU and CPU capabilities when AI/ML technology develops and demand increases.
“We are excited to expand our portfolio tailored to the world’s SMBs and startups with simplified AI/ML offerings,”
“This acquisition marks a significant milestone in DigitalOcean’s journey to revolutionize how SMBs and startups harness the power of the cloud and AI/ML for their applications and businesses. The combined offerings allow customers to focus more on building applications and growing their businesses and less on the infrastructure powering them.”
Yancey Spruill, CEO of DigitalOcean.
Paperspace will benefit from DigitalOcean’s highly efficient self-service model and effective go-to-market strategy. The acquisition expands DigitalOcean’s usable marketplace and provides cross-selling and up-selling opportunities for both entities, leveraging DigitalOcean’s mature platform, effective marketing tools, and large customer base. to stimulate growth.
“DigitalOcean is renowned for simplifying complex cloud technologies and making them more accessible to developers and business alike,”
“We are thrilled to join forces with DigitalOcean, as we believe there is no better company to unlock the endless possibilities of AI/Ml for developers and businesses alike.”
Dillon Erb, Co-founder and CEO of Paperspace.
Crucially, the historical and cultural alignment between DigitalOcean and Paperspace will ensure a smooth onboarding process and a collaborative work environment. The two companies’ shared values and commitment to customer success will continue to drive innovation, improve customer experience, and strengthen both entities as leaders in the industry. cloud computing industry.
