DigitalOcean launches custom roles for enhanced cloud security

NEW YORK - DigitalOcean Holdings, Inc. (NYSE:DOCN), a profitable cloud infrastructure provider with over $800 million in annual revenue and solid 60% gross margins, introduced custom roles as part of its Role-Based Access Control (RBAC) offering for its cloud platform, according to a company press release issued Monday.

The new identity management feature allows customers to create roles specifically tailored to team members’ job responsibilities, enabling organizations to apply the principle of least privilege and potentially reduce security risks.

With custom roles, administrators can define specific permissions aligned with job functions, control access to resources with granular controls, and improve security governance by limiting users’ access to only necessary permissions.

"This offering gives administrators the granular control they need to balance security, compliance, and day-to-day productivity and collaboration across their entire organization," said Todd Redfoot, Senior Vice President and General Manager of Platform and Shared Services at DigitalOcean.

The feature allows organizations to create and name new roles such as "Infrastructure Administrator" or "Kubernetes Read-Only" with selected permissions that users will inherit when assigned to these roles.

DigitalOcean serves more than 600,000 customers globally with cloud, AI, and ML infrastructure. The company positions its platform as a solution for digital native enterprises seeking simplified cloud computing and AI resources.

In other recent news, DigitalOcean reported strong financial results for the first quarter of 2025, exceeding analyst expectations. The company posted a non-GAAP EPS of $0.56, surpassing the projected $0.42, and achieved a revenue of $211 million, which was above the anticipated $208.53 million. This marks a 14% increase in revenue year-over-year, showcasing DigitalOcean’s continued growth momentum. Despite these positive results, concerns over the company’s $1.5 billion convertible debt refinancing affected stock performance post-announcement.

In other developments, DigitalOcean expanded its GPU offerings on its cloud platform, introducing new GPU Droplets featuring NVIDIA RTX 4000 Ada Generation, NVIDIA RTX 6000 Ada Generation, and NVIDIA L40S GPUs to support AI workloads. These additions aim to enhance AI applications such as generative AI and 3D graphics. The company also announced a collaboration with AMD to advance AI using cloud-based GPUs, highlighting its strategic focus on AI and cloud computing.

JMP Securities maintained its Market Outperform rating for DigitalOcean with a $55.00 price target, following these developments. The reaffirmation came after Access Industries Management, DigitalOcean’s largest shareholder, disclosed the sale of $100 million worth of stock. DigitalOcean’s efforts to democratize cloud and AI services continue to attract attention, with over 600,000 customers worldwide leveraging its platform.

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