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Wheelings & Dealings: Docker Receives $95 Million in Series D Funding

April 15, 2015

One type of application that is presently on fire in the enterprise server market is the virtualization and container app. An up-and-coming brand that is quickly becoming a household name in that market is Docker, and it just received another $95 million in its Series D round of funding, which will help it continue development of the Docker Engine runtime environment and Docker Hub cloud-based application sharing service.

Docker notes in its latest announcement regarding funding that Insight Venture Partners led Series D. New contributions from Coatue, Goldman Sachs, and Northern Trust were also present. They have all built on Series C funding from September 2014 made possible in part by Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures, and AME Cloud Ventures who all continued to participate this time around.

Jeff Horing, the co-founder of Insight Venture Partners, commented specifically about the vote of confidence this $95 million brings to the Docker brand.

“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,” Horing said.

He further indicated that the influx of money would allow Docker to hire more personnel to get products made more quickly and to hand those products off to developers at global enterprises. The Docker platform works in two distinct parts. As TMC noted previously, the Docker Engine works by allowing applications to run in virtual Docker containers within a server. While in those containers, applications remain free from concerns about hardware compatibility, and that frees up developers to innovate software rather than worry about interoperability. The latest company announcement says the engine makes it possible to lessen development cycle time from weeks to minutes and reduces overhead by a 20x increase in computing resource efficiency. This is aided by the Docker Hub which is a cloud service that allows for the sharing of applications such as Docker container images and workflows.

All told, said Solomon Hykes, the founder and CTO of Docker, his company is trying to give developers the tools they need to create applications that will run as they expect. The Docker containers ensure a consistency in applications and make development much easier by standardizing the way in which applications run on servers.

TMC reported in February that developers had concerns about the security Docker and its relative shortage of operational tools. The latest round of funding should help the company alleviate those concerns by applying more personnel to all realms of product improvement. Industry leader Bob Quillin, the CEO and co-founder StackEngine, said the creation of automation tools should take Docker far toward eliminating concerns about the use of the product. The cool $95 million can help with that and with Hyke's self-proclaimed mission for the company to deliver on the promise of a quality product that, he said, Docker will continue to develop to give enterprises the consistency and security they desire.

Edited by Dominick Sorrentino

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