Paperspace (now DigitalOcean)

Paperspace is a cloud computing platform that specializes in providing GPU-accelerated infrastructure for applications in artificial intelligence (AI) and machine learning (ML). Founded by Dillon Erb and Daniel Kobran, the company aimed to make powerful GPU resources more accessible for data-intensive tasks. Paperspace's services included scalable cloud computing solutions that allowed users to deploy and manage GPU resources effectively. In July 2023, Paperspace was acquired by DigitalOcean for $111 million. This acquisition enhances DigitalOcean's offerings in the AI and ML space, integrating Paperspace's capabilities into its ecosystem. The integration is expected to provide DigitalOcean's customers, particularly small and medium-sized businesses, with improved GPU computing solutions for their applications.