Docker, a delivery platform for driving digital transformation, gets a new investment $35 million from previous investors Benchmark Capital and Insight Partners.
Docker introduced a recapitalization, aiming to restructure the company and separate the two businesses. According to the company, they will focus on developer workflow during the period of building, sharing, and running modern applications. Docker was founded by Solomon Hykes in 2012, to solve the problem of shipping code from a development machine to a production server, which is often encountered and a hard problem for the developers.
Build, share and run
Rob Bearden, chief executive officer of Docker, talked about the recapitalization with the words:
I joined Docker to lead the next phase of its growth. After conducting thorough analysis with the management team and the Board of Directors, we determined that Docker had two very distinct and different businesses: one an active developer business, and the other a growing enterprise business. We also found that the product and the financial models were vastly different. This led to the decision to restructure the company and separate the two businesses, which is the best thing for customers and to enable Docker’s industry-leading technology to thrive.
Focused on developers’ needs
“Addressing the needs of developers has been core to Docker since its inception. Developers want the freedom to choose their tools, the flexibility to quickly try new technologies and the ability to deploy their applications anywhere, independent of the underlying infrastructure,” said Scott Johnston, chief product officer, Docker.
According to Johnson, they will expand Docker Desktop and Docker Hub’s roles in the developer workflow for modern apps by investing in expanding its cloud services to enable developers to discover technologies for use when building applications quickly.
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