TechFlame news: On August 12, as reported by Businesswire, the NYSE listed company DigitalOcean announced that it had raised 550 million US dollars by issuing convertible senior notes to eligible institutional buyers. DigitalOcean is a cloud infrastructure provider founded in the US

that provides virtual private servers for software developers and hosts some Ethereum nodes. It previously received $50 million in financing from a16z in 2020.