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Company News : Docker Secures $95M in New Funding
on 2015/4/21 10:18:52 (700 reads)
Company News

Docker has announced that it has raised $95 million of Series D funding. This latest infusion builds on the successful Series C round raised in September, and enables Docker to address the needs of the millions of ecosystem users and thousands of enterprises that have standardized on Docker’s technology. The financing will enable deeper integration with go-to-market partners such as AWS, IBM and Microsoft, who have made strategic product investments in support of Docker’s open source technology. It will also fuel new platform capabilities across the application development lifecycle, solidifying Docker as the foundation for a new generation of distributed applications.

The round was led by Insight Venture Partners, with new contributions from Coatue, Goldman Sachs and Northern Trust. Existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and Jerry Yang’s AME Cloud Ventures also participated in the round.

“This financing is a strong vote of confidence in Docker management, and strengthens the company’s ability to fulfill the needs of the millions of developers who have made the commitment to utilizing its breakthrough products and services in their daily work,” said Jeff Horing, co-founder of Insight Venture Partners. “Docker will be able to continue to make additional hires in general to put more critically-needed products into the hands of developers."

Docker’s model enables any application to be built and run as a consistent, low-overhead Docker container, liberating developers from infrastructure concerns and dramatically increasing innovation. Enterprises using Docker have reported that it shrinks deployment cycles from weeks to minutes and drives up to 20X improvement in computing resource efficiency. More than 300 million instances of Docker’s technology have been downloaded from its hosted service, Docker Hub, enabling organizations to create both an agile application environment and an agile organization.

“Our responsibility is to give people the tools they need to create applications that weren’t possible before,” said Solomon Hykes, founder and CTO of Docker. “We will continue to honor that commitment to developers and enterprises. We think they are still looking for a platform that helps them build and ship applications in a truly standardized way, without lock-in or unwanted bundled features. That is what we set out to build, and we are not yet content with what we have achieved so far. We are getting a clear message from the market that they like what we are building, and we plan to keep building it. The financing enables us to deliver on that promise.”

Dockerized applications are enabling increased productivity and continuous business innovation for organizations such as the BBC, Gilt, Goldman Sachs, Groupon, ING, Spotify and Yelp. Companies like these are often initially exposed to Docker by a few development teams that integrate Docker into their workflows and are able to immediately demonstrate the productivity benefits of the platform across the development organization. These grassroots efforts quickly receive executive attention when, almost overnight, application enhancements take minutes when they used to take months. 

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