With $95 Million in Series D Round Funds, Docker Leads the Industry Using Cloud Container Technology
A San Francisco-based company called Docker, which is trying out the concept of a cloud “container,” recently completed its Series D funding round with a whopping $95 million, coming from big-name investors like Insight Venture Partners and Goldman Sachs.
The company, which was formerly called DotCloud, found a niche in a cloud computing industry by specializing in “container technology.” As Fortune describes this product, it is “a type of virtualization that supposedly makes for more efficient application development and data center operations.”
Virtualization first grabbed the spotlight in the cloud industry back in 2009; the concept of using specialized software to make one computer perform similar to multiple smaller computers on multiple networks became very popular because, as Fortune noted back then, this system would allow businesses to save on hardware and on electricity.
Virtualization isn’t an old concept, but the technology of earlier, simpler cloud hosting systems and data sources is now considered obsolete and inefficient. Docker has only been operating for a few years, but as a recent article on Wiredpoints out, the company already has plenty of competition from cloud computing businesses that provide newer cloud hosting systems using ultra-efficient containers.
“The future of cloud computing trends towards containers. Docker with its latest round of fundraising, proves an important fact for tapping into the cloud when required,” says Robert Joseph, CEO, Step Ahead Solution. “Cloud hosting is not a big thing today, because that is what everyone is doing. If you need to stand out of the crowd, then you need to think different and reach out to the silver linings of every cloud that is out there as and when needed.”
According to Fortune, Docker just completed a Series C funding round back in September 2014 with $40 million; following the latest Series D round, Docker has raised more than $150 million. The company is estimated to be worth around $1 billion now.
Although the company may not be able to dominate the cloud container sector for much longer, it’s clear that investors and business owners are pretty excited to see what this groundbreaking technology can offer in the future.