Open-Source Darling Docker Cracks The Billion-Dollar Club With $95 Million Raise
Just two years after it was treading water as a fading startup called dotCloud, open-source darling Docker is soaring. The company announced Tues. it had raised a $95 million Series D funding that should value the company at about $1 billion, making it the latest in a wave of private tech companies to join the billion-dollar ranks.
The funding comes just half a year after Docker had raised its last funding and was led by a previously minor investor in the startup, Insight Venture Partners, alongside new investors Coatue, Goldman Sachs and Northern Trust . A who’s-who of venture firms already backing Docker re-upped in the round: Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and Jerry Yang’s AME Cloud Ventures. While Docker didn’t disclose its valuation from the round, sources with knowledge peg the company’s pre-money valuation at just under $1 billion. PitchBook pegs the post-money valuation at $1.07 billion.
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