Paperspace

Paperspace is a GPU cloud and machine learning platform founded in 2014 by Dillon Erb and Daniel Kobran, and headquartered in New York. It began as a browser-accessible virtual desktop backed by GPUs and evolved into a developer-focused ML platform (Gradient) offering notebooks, workflows, and per-second-billed GPU instances. The company raised roughly $36 million from Y Combinator, Initialized Capital, Battery Ventures, Intel Capital, and SineWave Ventures before being acquired.\n\nIn July 2023 DigitalOcean bought Paperspace for approximately $111 million in cash to anchor its AI and ML strategy, and Paperspace has since been folded into DigitalOcean's GPU cloud offering (marketed alongside DigitalOcean's own H100 droplets). The platform positions itself toward the long tail of ML developers and small teams rather than hyperscale training tenants, leaning on per-second billing, notebook-first workflows, and a claim of savings versus the large clouds.\n\nRelative to the rest of the neocloud pack (CoreWeave, Lambda, Crusoe, Nebius), Paperspace is a mid-market and long-tail play rather than a hyperscale training cloud: it does not disclose an owned campus footprint or a megawatt figure, and its GPU inventory numbers are not publicly reported. Its distinctive asset is the Gradient developer surface and the DigitalOcean distribution channel rather than raw fleet scale.

Paperspace has no robot models recorded on the DEPLOY registry. Paperspace builds physical robots.

Paperspace is not independently listed on public markets; it is part of DigitalOcean in July 2023 for approximately $111 million in cash | Parent company status: Operates as the GPU cloud and ML-platform arm of DigitalOcean (NYSE: DOCN on the DEPLOY registry.

Dillon Erb is the founder of Paperspace, per the DEPLOY registry.

Paperspace has no separately traded stock; it is owned by DigitalOcean in July 2023 for approximately $111 million in cash | Parent company status: Operates as the GPU cloud and ML-platform arm of DigitalOcean (NYSE: DOCN (the parent is the entity that trades, where it is public).

Paperspace is headquartered in New York, NY, United States.

Paperspace has raised approximately $36M in disclosed funding on record in the DEPLOY registry.

Paperspace is owned by DigitalOcean in July 2023 for approximately $111 million in cash | Parent company status: Operates as the GPU cloud and ML-platform arm of DigitalOcean (NYSE: DOCN, per the DEPLOY registry.

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Paperspace ranks in roughly the top 99% of companies tracked by the registry.

Paperspace was founded in 2014.

Paperspace has no incidents on record in the DEPLOY registry. This does not constitute a safety guarantee; it reflects the incidents DEPLOY has tracked and verified to date.