{"id":"e957c8c5-cf87-4d8a-ae6c-b9766abaf353","name":"Paperspace","slug":"paperspace","description":"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.","status":"acquired","founded":2014,"hq":"New York, NY, United States","hqLat":40.7127281,"hqLng":-74.0060152,"hqGeocodedAt":"2026-10-10T04:23:34.350Z","hqAddress":null,"hqPrecision":null,"website":"https://www.paperspace.com","fundingTotal":"36000000","type":"infrastructure","roles":[],"reviewStatus":"reviewed","heatIndex":0,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://www.paperspace.com/","title":"Paperspace home page (now part of DigitalOcean)","publisher":"Paperspace / DigitalOcean"},{"url":"https://www.paperspace.com/about","title":"About Paperspace","publisher":"Paperspace"},{"url":"https://investors.digitalocean.com/news/news-details/2023/DigitalOcean-Completes-Acquisition-of-Paperspace/default.aspx","date":"2023-07-06","title":"DigitalOcean Completes Acquisition of Paperspace","publisher":"DigitalOcean Investor Relations"},{"url":"https://www.digitalocean.com/","title":"DigitalOcean corporate site (parent)","publisher":"DigitalOcean"},{"url":"https://www.prnewswire.com/news-releases/paperspace-closes-13m-series-a-round-to-accelerate-mass-adoption-of-ai-300731765.html","title":"Paperspace Closes $13M Series A Round","sourceName":"PR Newswire","publishedAt":"2018-10-16"},{"url":"https://investors.digitalocean.com/news/news-details/2023/DigitalOcean-Acquires-Paperspace-to-Expand-AI-Offerings/default.aspx","title":"DigitalOcean Acquires Paperspace to Expand AI Offerings","sourceName":"DigitalOcean","publishedAt":"2023-07-06"}],"keyFacts":[{"label":"Parent company","value":"GPU cloud and ML-platform unit of DigitalOcean (NYSE: DOCN); the brand was folded into DigitalOcean in 2024."},{"label":"Funding through Series A (company-claimed)","value":"$19M raised in total as of the Oct 2018 Series A."},{"label":"Other early backers","value":"Y Combinator (W15), SineWave Ventures and Sorenson Ventures."},{"label":"GPU inventory","value":"Not publicly disclosed; catalog includes Nvidia H100 alongside older Nvidia GPUs."},{"label":"Silicon partnerships","value":"Nvidia Elite Partner; historical Graphcore IPU partnership for on-demand IPUs."},{"label":"Positioning","value":"Developer and long-tail ML tenants via the Gradient platform and per-second GPU billing."},{"label":"Users (company-claimed)","value":"About 500,000 users."},{"label":"Datacenter footprint","value":"Runs on colocation rather than owned campuses; no disclosed megawatt figure."}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-28T01:48:27.329Z","updatedAt":"2026-10-12T21:32:52.744Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/paperspace","url":"https://registry.deploy.report/companies/paperspace","name":"Paperspace","description":"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.","identifier":"e957c8c5-cf87-4d8a-ae6c-b9766abaf353","foundingDate":"2014","address":"New York, NY, United States","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":6,"primary_source_types":["primary-company-ir"]}}}