DigitalOcean, the leading provider of online hosting for the cloud computing, has raised $20 million in funding from several investors including Union Square Ventures and Fidelity.
DigitalOcean’s cloud storage platform is available for free on a number of platforms including Amazon S3 and Google Cloud Platform.
Digital Ocean said the funding would support growth of the platform and increase the number of customers who use the service.
The company also said it is working on an API for developers that would allow them to build applications that leverage the platform.
The company said the service will be free for developers to use, with plans to offer additional services in the future.
The funding comes at a time when Amazon is also working to bring cloud storage to the public.
The service is currently available only to users of AWS and the likes of Microsoft Azure.
The plan is to expand it to other cloud providers.
Last year, Amazon announced plans to create a cloud storage service called Amazon SaaS (Software as a Service) to compete with Google Cloud.
The idea is to make cloud computing more accessible to developers and help them to use cloud-based software.