Cloud Computing: DigitalOcean is raising $83 million to take on Amazon Web Services

We’re hearing that New York-based DigitalOcean, a hot cloud computing startup founded in 2011 that competes head-to-head with the $6 billion Amazon Web Services juggernaut, has closed a huge round of Series B funding.  The number we’re hearing is $83 million. DigitalOcean would not comment on the round.

 

Like Amazon Web Services, DigitalOcean lets its customers swipe a credit card and get access to an almost bottomless supply of raw computing power, hosted in its distant data centers…

 

The concept is called "infrastructure-as-a-service," or IaaS, and analyst firm IDC estimated earlier this year that it’ll be a $24.6 billion market by 2018 — a claim bolstered by strong cloud revenues from Microsoft and Amazon…

 

Read more from the source @  http://www.businessinsider.com/digitalocean-raising-83-million-series-b-round-2015-7#ixzz3eg85fhip