DigitalOcean has raised a $37.2 million Series A round led by Andreessen Horowitz. Previous investors IA Ventures and CrunchFund also participated.

Digital Ocean offers simple SSD based cloud hosting. Headquartered in New York City, DigitalOcean has spun up over 300,000 virtual private servers since its inception. The company is a TechStars Graduate and has been featured Forbes, Pando Daily, TechCrunch, Venture Beat, and The Next Web. Users can create a cloud server in 55 seconds, and pricing plans start at only $5 per month for 512MB of RAM, 20GB SSD, 1 CPU, and 1TB Transfer.