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LONDON - Cloud provider DigitalOcean (NYSE: DOCN), a $3.27 billion market cap company with over 13% revenue growth in the last twelve months, announced several product updates across its portfolio during its flagship conference, Deploy 25, held in London on Thursday.
The company revealed enhancements to its Gradient AI Platform, including new Image Model Support for text-to-image generation, Knowledge Base Auto-indexing to keep agent information current, and VPC Integration for more secure enterprise deployments. According to InvestingPro data, DigitalOcean maintains a healthy financial position with a current ratio of 2.27, indicating strong operational capability to support these technological investments.
DigitalOcean has expanded its GPU offerings with NVIDIA HGX H200 systems to complement existing NVIDIA infrastructure, while also adding AMD Instinct MI325X GPUs to its lineup. The company plans to offer AMD Instinct MI350X GPUs later this year.
Additional upcoming AI offerings include Gradient AI AgentDevelopmentKit and Gradient AI Genie, which will be available in the coming weeks, according to the press release.
The cloud provider also announced new storage capabilities currently in preview phase and planned for general availability in Q4 2025. These include a Network File System Service optimized for AI/ML startups, storage autoscaling for Databases, and Spaces Cold Storage for low-cost, infrequently accessed data at $0.007/GiB.
"We are aggressively adding capabilities that enable digital native enterprises to build and scale their businesses on our platform," said Bratin Saha, Chief Product and Technology Officer of DigitalOcean, in the statement.
The company serves over 640,000 customers globally with its cloud, AI, and ML infrastructure offerings. With its next earnings report scheduled for October 30, 2025, investors can access comprehensive analysis and additional insights through InvestingPro, which features 8 more exclusive ProTips and detailed financial metrics for DigitalOcean.
In other recent news, DigitalOcean Holdings, Inc. successfully closed a $625 million convertible notes offering, which included the full exercise of the initial purchasers’ option to purchase an additional $75 million in notes. The company generated approximately $605.6 million in net proceeds from this offering, with the notes set to mature on August 15, 2030. This follows DigitalOcean’s announcement of its intent to offer $500 million in convertible senior notes, which was initially increased to $550 million before reaching the final amount. The notes are senior, unsecured obligations with no regular interest payments expected.
Additionally, JMP Securities reiterated its Market Outperform rating on DigitalOcean, maintaining a price target of $55.00. These developments come as the company prepares for its Deploy 2025 London conference. The analyst firm noted that DigitalOcean’s stock performance has underperformed compared to the Russell 3000 index year to date. These recent financial maneuvers and analyst ratings provide key insights for investors observing DigitalOcean’s strategic direction.
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