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Docker Announces $95M Investment

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DateTuesday, April 21, 2015
AuthorLeonid Botnarenko

Docker Announces $95M Investment

Docker Secures $95M in Series D Funding to Meet the Unrivaled Demand for Its Open Source Platform

Docker founder and CTO Solomon Hykes (left), said: Our responsibility is to give people the tools they need to create applications that weren't possible before, and we will continue to honor that commitment to developers and enterprisesDocker (@docker), the company behind the Docker open source platform for building, shipping and running distributed applications, announced a $95M Series D funding round that it says will help ensure that it can deliver on an ambitious set of long term priorities. 



Secifically, the company says the funding will enable it to deliver on product, support, and community enablement in a manner worthy of its ecosystem and the sea change that the open Docker platform is bringing.



The financing will enable deeper integration with 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. Docker's existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and Jerry Yang's AME Cloud Ventures also participated in the round.


Docker provides a platform that enables any application to be created and run as a collection of consistent, low-overhead Docker containers that work across virtually any infrastructure. This new model liberates developers from application and infrastructure dependencies, significantly accelerates the software development lifecycle, and enables substantial improvements in infrastructure cost and efficiency.


Their ecosystem has also continued to develop in exciting new ways. Major, Docker-related announcements have come from large companies like Amazon, IBM, Microsoft, Red Hat, Google, and HP. They have also seen an explosion of new companies in the ecosystem, such as Weave, Cluster HQ, and Rancher. In fact, the company claim there are now over 32,000 Docker-related projects on GitHub, and it has been estimated that over 30 Docker-related startups have received funding.



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.

Solomon Hykes (pictured left)founder and CTO of Docker, said: "Our responsibility is to give people the tools they need to create applications that weren't possible before, and 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."



Jeff Horing, co-founder of Insight Venture Partners, said: "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, Docker will be able to continue to make additional hires in general to put more critically-needed products into the hands of developers."



Don Duet, global co-head of the Technology Division at Goldman Sachs, commented: "With the accelerating pace of digitization in the financial industry, the breadth, complexity and diversity of our software and infrastructure services has grown materially, The ability to manage and run business-critical technology at scale in an agile and adaptive ecosystem has become fundamental to our firm. When our engineers discovered and started using Docker's open source platform, they were immediately impressed by the portability it provides applications. It inspired us to move towards a standardized infrastructure for packaging, shipping and running our applications based on Docker's technology."



Ben Golub, CEO of Docker, added: "This type of financial support, in addition to the high caliber of this group of investors, provides Docker with the resources and guidance needed to meet the demands of all aspects of our community - from open source contributors to Fortune 100 enterprises. Over the course of the last six months, we've exceeded every growth milestone we set for the company and the community. With the continued support of our investors, partners and community, Docker will continue to disrupt organizational conventions, transforming monolithic teams, processes and applications into more productive and agile microservices environments."



Dockerized applications are enabling increased productivity and continuous business innovation for organizations. Companies like BBC, Gilt, Goldman Sachs, Groupon, ING, Spotify and Yelp, 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.


Docker containers have been downloaded 300 million times and Docker is used by millions of developers across thousands of the world's most innovative organizations, including eBay, Baidu, the BBC, Groupon, ING, Yelp, Spotify, Yandex, and Cambridge HealthCare. Docker's rapid adoption has catalyzed an active ecosystem, resulting in more than 100,000 "Dockerized" applications, over 40 Docker-related startups, and integration partnerships with AWS, Cloud Foundry, Google, IBM, Microsoft, OpenStack, Rackspace, Red Hat and VMware.


An April 2015 survey of 685 enterprise CIOs by Enterprise Technology Research highlights that Docker technology has the strongest buying intention score (known as a Net spending intentions score or "NET score") ever recorded in the six years of the firm's research, which covers 274 technology vendors across 24 sectors of enterprise technology. This aligns with the positive feedback that Docker has received on its flagship commercial product, Docker Hub Enterprise, which is being beta trialed by a number of Fortune 100 companies and will be made broadly available later this quarter.



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