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TechFlow news, August 12 — According to Businesswire, NYSE-listed company DigitalOcean announced it has issued convertible senior notes to qualified institutional buyers, raising $550 million. DigitalOcean is a U.S.-based cloud infrastructure provider offering virtual private servers to software developers and hosting a portion of Ethereum nodes. It previously raised $50 million in funding in 2020 with participation from a16z.
According to Businesswire, NYSE-listed DigitalOcean announced the issuance of convertible preferred notes to qualified institutional buyers, raising $550 million. DigitalOcean is a U.S.-based cloud infrastructure provider offering virtual private servers to software developers and hosting a portion of Ethereum nodes. It previously secured a $50 million funding round in 2020 with participation from a16z.
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