As Docker gains momentum, it hauls in $105M Series C on $2B valuation

As Docker gains momentum, it hauls in $105M Series C on $2B valuation

2 years ago
Anonymous $R5WK5a8uaN

https://techcrunch.com/2022/03/31/as-docker-gains-momentum-it-hauls-in-105m-series-c-on-2b-valuation/

It wasn’t that long ago that Docker looked like it was on the ropes. In 2019, it sold its enterprise business and decided to focus strictly on a developer audience with a set of commercial and open source tools. It was a pretty big bet for a six-year-old company to sell off the part of itself that was most lucrative at the time and completely shift its focus.

A couple of months ago, the company announced that annual recurring revenue (ARR) had jumped 4x to over $50 million just two years after it decided to restructure. Today, the company announced a $105 million Series C investment on a $2.1 billion valuation.