Digitalocean Hldgs Inc Stock Price, News & Analysis

Cloudways, a DigitalOcean Holdings (NYSE: DOCN) company, has launched Cloudways Copilot, an AI-powered suite designed to enhance managed hosting for SMBs. The first phase introduces AI-powered issue diagnostics in Public Preview, which can resolve website problems up to 4x faster than manual intervention - reducing diagnosis time from 45 to under 10 minutes.

The solution addresses various website challenges including unoptimized data queries, DoS attacks, and aggressive bot crawling. Research shows websites loading in one second or less can achieve 3x higher conversion rates compared to five-second loading times.

This launch marks the beginning of a broader AI implementation, with additional features like automated developer workflows and an intelligent hosting sidekick planned for release in 2025. The complete Cloudways Copilot suite is expected to be widely available by July 2025, with early access available through their website.

DigitalOcean (NYSE: DOCN) announced enhanced benefits for its Hatch startup program in 2025, focusing on supporting AI and ML projects. The program offers qualified startups up to $100,000 in Compute Credits, up to 3 months of free GPU usage, and complimentary Premium Support.

Participants will gain access to DigitalOcean's marketplace of over 600,000 customers, along with co-marketing support and partner opportunities at global events. The Hatch program, established in 2016, has successfully launched thousands of startups, including OneText, aiven, Hugging Face, and Vuukle.

DigitalOcean Holdings (NYSE: DOCN) announced the general availability of Per-Bucket Access Keys for DigitalOcean Spaces, its S3-compatible object storage service. This new feature enables identity-based, bucket-level control over access permissions, enhancing data security and simplifying management.

The update allows administrators to assign read-only or read-write permissions for specific buckets to appropriate users and applications. This targeted approach strengthens organizational security by ensuring users only access necessary data. Key use cases include enhanced security controls, multi-tenant environment management, environment isolation, application-specific access, and secure file sharing.

Future enhancements planned for mid-2025 include API and CLI support for creating Per-Bucket Access Keys, and integration with S3-compatible bucket policies.

DigitalOcean (NYSE: DOCN) has launched its new GenAI Platform at the Deploy 25 developer conference in Austin, Texas. The platform enables developers to integrate AI into business applications using third-party foundational models without requiring advanced AI expertise.

The platform features intuitive workflows for setting up AI agents with data pipelines and multi-agent crews, supporting both beginners and experts. It allows businesses to build chatbot experiences for various use cases including document analysis, customer service, automated workflows, and conversational agents.

Key features include: framework-agnostic design, Retrieval Augmented Generation (RAG) workflows, function calling capabilities, built-in guardrails for response management, and support for private endpoints. The platform launched publicly on January 22, 2025, following a private preview with select customers. Future updates will include URL data source support, agent evaluations, model fine-tuning, and additional features.

DigitalOcean launched its Deploy 25 customer conference in Austin, Texas, showcasing new cloud computing and AI innovations. The company introduced its GenAI Platform, designed to simplify AI application development without requiring advanced expertise. The platform offers pre-trained third-party GenAI models, data ingestion pipelines, and knowledge bases.

The company enhanced its Hatch startup program with new benefits including up to $100,000 in compute credits, 3 months of free GPU usage for qualified participants, and complimentary premium support. The program provides access to DigitalOcean's marketplace of approximately 638,000 customers.

Additional product innovations announced include VPC Peering, Global and Internal Load Balancers, Droplet Autoscale Pools, Bitbucket Support in App Platform, and enhanced DOKS capabilities supporting up to 1000 nodes in beta.

DigitalOcean Holdings (NYSE: DOCN) announced that CEO Paddy Srinivasan will participate in a fireside chat at the UBS Global Technology and AI Conference on December 3, 2024, at 12:35 p.m. PT / 3:35 p.m. ET. The event will be accessible via live webcast and replay on DigitalOcean's investor relations website.

DigitalOcean Holdings (NYSE: DOCN) has launched Bare Metal GPUs, a dedicated, single-tenant infrastructure solution designed for advanced AI/ML workloads. Unlike their GPU Droplets, these Bare Metal GPUs provide customers with full, unshared access to the entire GPU, making them ideal for large-scale model training, real-time inference, and complex orchestration. The service is currently available in data centers located in New York, USA and Amsterdam, Netherlands.

DigitalOcean Holdings (NYSE: DOCN) has launched scalable storage for its Managed MongoDB offering, enabling customers to independently scale their cloud storage capacity without upgrading entire database plans. The new feature allows users to adjust storage based on data demands without incurring unnecessary compute costs. The service includes independent scaling of MongoDB storage from compute resources, cost-efficient granular billing, and automated provisioning with minimal downtime. This enhancement was developed in collaboration with MongoDB to support data-intensive workloads like generative AI while maintaining performance and controlling costs.

DigitalOcean (NYSE: DOCN) reported strong Q3 2024 results with revenue of $198 million, up 12% year-over-year. The company achieved a net income of $33 million with a 17% margin and Adjusted EBITDA of $87 million with a 44% margin. Key highlights include the release of 42 new product features, launch of GPU Droplets with NVIDIA H100 GPUs, and early availability of GenAI Platform. The company raised its full-year revenue guidance to $775-777 million while maintaining free cash flow margin guidance at 15-17%. Average Revenue Per Customer increased 11% to $102.51, with Builders and Scalers revenue growing 15% year-over-year.