Docker funded $23M to improve containerization

Software company Docker Inc., once a de facto container orchestration standard, still a leading provider of collective application development packages for development teams, got a multi-million dollar funding just a year after tremendous momentum, with an interannual growth of 170%.

Netflix, Orbital sciences, and Wachovia, among over 7 million developers and development teams, rely on Docker for speed and collaborative development of sharing applications that can run anywhere. In the fourth quarter of the year, Docker grossed an approximate value of 30 billion in image pulls. This is proof that Docker selection continues to be significant among developers.

16 months ago, Docker had to sell off its enterprise to Mirantis, likely due to low turnover. Docker was selected the #1 and #2 in most-wanted and most-loved platforms respectively in the most recent Stack Overflow Developer Survey.

These were more than to attract funding from Silicon Valley venture firm Tribe Capital, with existing investors Insight Partners and Benchmark participating. Co-founder of Tribe Capital said Tribe was a Docked customer before they decided to invest in the company as they see more growth potential.

Docker's initiative is reflected on Docker Hub and Docker Desktop; both deploy a freemium pricing modus operandi. The former is an app repository for developers to download on deck application components bundled into containers. The latter is a desktop application that helps with various stages of developing container applications, from testing to uploading code to its production system. With both products accessible for free, Docker earns from commercial volumes that offer extra features not included in the free versions. The paid edition of Docker Desktop reveals security susceptibility in developers' code, while Hub's paid edition enables teams to create private storage to reserve application components.

Johnston, the CEO of Docker, mentioned looking ahead post-pandemic; he's discovered a lot more since they moved out of office the previous year. It turned out that most employees found more joy working at home, being closer to family. Thanks to this, he prefers going virtual first, even after the green light to reopen offices.

In the past year, applications have become paramount to not only all modern businesses but also as the primary means to connect society, all of which has greatly accelerated the need for developer velocity.

said Scott Johnston, CEO of Docker.

This new investment, combined with our user and ARR growth momentum, validates Docker’s mission of helping developers and development teams bring their ideas to life by conquering the complexity of app development.