DigitalOcean targets 29% revenue growth, RPO to exceed $800M
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DigitalOcean appointed Kevin Van Gundy, Leo Leung, and Brady Mickelsen to its executive leadership team to drive growth in the AI-native cloud market. The company reported Q1 revenue of $257.9 million, up 22% year over year, with AI customer ARR surging 221% to $170 million. *this image is generated using AI for illustrative purposes only. DigitalOcean has appointed Kevin Van Gundy as Chief Revenue Officer, Leo Leung as Chief Marketing Officer, and Brady Mickelsen as Chief Legal & Administrative Officer to strengthen its executive leadership team. The move comes weeks after the company unveiled its AI-Native Cloud at its Deploy conference, positioning itself to capture a shift in software development toward inference and agentic workloads. The new leaders join Chief Executive Officer Paddy Srinivasan, Chief Financial Officer Matt Steinfort, and Chief Product and Technology Officer Vinay Kumar to execute a strategy focused on the inference and agentic era. The company reported accelerating momentum in the first quarter of 2026. Revenue reached $257.9 million, an increase of 22% year over year. Annual run-rate revenue (ARR) from AI customers grew 221% year over year to $170 million, while ARR from customers spending more than $1 million increased 179% to $183 million. Notably, 81% of AI customer ARR in Q1 came from inference services and core cloud rather than bare-metal GPU...
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