Docker Lands $95M With Help From Goldman Sachs

Open source startup Docker has raised $95 million (£65m) in a Series D funding round, with new investors including Goldman Sachs and Northern Trust.

Docker, started in 2013 in San Francisco, provides an open source software platform of the same name that has popularised the use of ‘containers’, virtual boxes that store software and code so its easy to move around the world’s data centres.

The round was led by Insight Venture Partners, with new contributions also coming from Coatue, Capital, Trinity Ventures and Jerry Yang’s AME Cloud Ventures.

Vote of confidence

“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 utilising 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 highlighted an April 2015 survey of 685 enterprise CIOs by Enterprise Technology Research, which found 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.

“The combination of strong product demand and a rapidly-expanding ecosystem has put Docker on a growth trajectory far beyond what most companies experience in this phase of their development,” said Ben Golub, CEO of Docker.

“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.”

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