DigitalOcean Launches Inaugural Social Impact Program with DO Impact

Rhea-AI Summary

DigitalOcean Holdings (NYSE:DOCN) has launched DO Impact, a global social impact initiative aimed at empowering changemakers through philanthropy, products, and community involvement. The program includes monetary grants totaling $500,000 to 30 organizations, including Fast Forward and The Federation of Humanitarian Technologists, fulfilling part of the company's Pledge 1% commitment to donate $50 million over ten years. The initiative also features volunteer opportunities for employees to aid nonprofits, reinforcing DigitalOcean's mission to support developers and SMBs.

Positive

• Launch of DO Impact enhances corporate social responsibility.
• Monetary grants totaling $500,000 to support 30 nonprofits.
• Fulfillment of Pledge 1% commitment aligns with long-term charitable goals.
• New volunteer program encourages employee engagement in social causes.

Negative

• None.

Company donates to 30 organizations, supports its Pledge 1% commitment

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the launch of DO Impact, a global social impact program aimed at empowering changemakers through products, philanthropy, and people — enabling the internal and larger DigitalOcean communities to give back.

“Our mission is to help the builders of the world create software that changes the world. Our new DO Impact initiative allows us to accomplish this through DigitalOcean’s greatest assets — its people, products and philanthropy," says Yancey Spruill, CEO of DigitalOcean. "We're excited to expand Hollie's Hub for Good, one of our signature initiatives under DO Impact, to deepen the reach and capacity of nonprofits, startups and developers who are solving the world's toughest problems."

DO Impact kicks off today with the expansion of Hollie’s Hub for Good, a charitable initiative established in 2020 that provides DigitalOcean infrastructure credits to nonprofits addressing health, educational, and economic disparities. The following nonprofits are receiving an inaugural round of monetary grants. Organizations include:

• Fast Forward, a U.S-based organization providing global tech nonprofits with the funding, resources, and support needed to create positive impact at scale
• The Federation of Humanitarian Technologists, a U.K-based network of technologists dedicated to maintaining critical open-source digital infrastructure used in humanitarian responses
• QuestaGame, an Australian organization leveraging the power of mobile technology to create new citizen scientists and collect biodiversity data for the purpose of research and conservation

The grants to these nonprofits and 27 others, which total $500,000, represent the first fulfillment of DigitalOcean’s Pledge 1% IPO commitment, in which it pledged to allocate $50 million to charitable initiatives over the next 10 years.

“DigitalOcean has already created an amazing community that it supports with open-source content and cloud technology that is highly targeted to their needs,” said Admas Kanyagia, VP of Social Impact at DigitalOcean. “DO Impact is not an afterthought for us — it’s a natural extension of who we are and what we value.”

As part of DO Impact, the company will also launch a new volunteer program that enables employees to share their technical expertise with nonprofits and educational organizations. “There’s an important multiplier effect when companies and their employees share their time, expertise and resources,” said Kanyagia. “We look forward to working with organizations that will benefit from all three to scale their impact on the world.”

For more information on other DO Impact initiatives, visit https://digitalocean.com/impact.

About DigitalOcean

DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open source, and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth. For more information, visit digitalocean.com or follow @digitalocean on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005020/en/

Media Contact

Spencer Anopol

press@digitalocean.com

Investors Contact

Rob Bradley

investors@digitalocean.com

Source: DigitalOcean

FAQ

What is the DO Impact program by DigitalOcean?

DO Impact is a global social impact initiative launched by DigitalOcean that focuses on empowering changemakers through philanthropy, products, and community involvement.

How much funding has DigitalOcean allocated to the DO Impact initiative?

DigitalOcean has allocated $500,000 in grants to 30 organizations as part of the DO Impact initiative.

What is DigitalOcean's Pledge 1% commitment?

DigitalOcean's Pledge 1% commitment involves donating $50 million to charitable initiatives over ten years.

Which organizations received grants from DigitalOcean?

Organizations such as Fast Forward and The Federation of Humanitarian Technologists received grants, among others.

What are the goals of the Hollie's Hub for Good initiative?

Hollie's Hub for Good aims to provide DigitalOcean infrastructure credits to nonprofits addressing health, educational, and economic disparities.