ChainCatcher news, reported by Businesswire, the NYSE-listed company DigitalOcean announced that it has raised $550 million by issuing convertible preferred notes to qualified institutional buyers.

DigitalOcean is a cloud infrastructure provider based in the United States that offers virtual private servers for software developers and hosts a portion of Ethereum nodes. Previously, it raised $50 million in funding in 2020, with participation from a16z.