Product name: Digital Ocean cloud
Pricing: $0.23 per hour for a 16GB VM or $5 a month. Extra small instance size with 512MB of Memory is $0.007 per hour. Addition bandwidth costs apply. More information on pricing here.
Key features: Public IaaS. Founders say while there are a variety of other IaaS providers, their clouds are too difficult and non-intuitive for developers to use. Digital Ocean aims to be the simplest cloud service.