{"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":"active","founded":2014,"hq":"New York, NY, United States","hqLat":null,"hqLng":null,"hqGeocodedAt":null,"hqAddress":null,"hqPrecision":null,"website":"https://www.paperspace.com","fundingTotal":"36000000","type":null,"roles":[],"reviewStatus":"reviewed","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"}],"keyFacts":[{"label":"Founded","value":"2014 in New York by Dillon Erb and Daniel Kobran","sourceUrl":"https://www.paperspace.com/about"},{"label":"Headquarters","value":"New York, NY (distributed team)","sourceUrl":"https://www.paperspace.com/about"},{"label":"Ownership","value":"Acquired by DigitalOcean in July 2023 for approximately $111 million in cash","sourceUrl":"https://investors.digitalocean.com/news/news-details/2023/DigitalOcean-Completes-Acquisition-of-Paperspace/default.aspx"},{"label":"Parent company status","value":"Operates as the GPU cloud and ML-platform arm of DigitalOcean (NYSE: DOCN)","sourceUrl":"https://www.paperspace.com/"},{"label":"Total funding pre-acquisition","value":"Approximately $36 million disclosed","sourceUrl":"https://www.paperspace.com/about"},{"label":"Notable investors","value":"Y Combinator (W15), Initialized Capital, Battery Ventures, Intel Capital, SineWave Ventures","sourceUrl":"https://www.paperspace.com/about"},{"label":"GPU inventory","value":"Not publicly disclosed; catalog includes NVIDIA H100 alongside a range of older NVIDIA GPUs. No public MW or fleet count.","sourceUrl":"https://www.paperspace.com/"},{"label":"Silicon partnerships","value":"NVIDIA Elite Partner; historical Graphcore IPU partnership for on-demand IPUs","sourceUrl":"https://www.paperspace.com/about"},{"label":"Positioning","value":"Developer and long-tail ML tenants via the Gradient notebook/workflow platform and per-second GPU billing; not a hyperscale training-cluster provider","sourceUrl":"https://www.paperspace.com/"},{"label":"User base claim","value":"Approximately 500,000 users cited by the company (self-reported)","sourceUrl":"https://www.paperspace.com/about"},{"label":"Datacenter footprint","value":"Not publicly detailed; runs on colocation infrastructure rather than owned campuses. No disclosed megawatt figure.","sourceUrl":"https://www.paperspace.com/"}],"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":"2026-08-28T03:45:17.421Z","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":4,"primary_source_types":["primary-company-ir"]}}}