Sometimes it feels like we’re writing the same article again and again because it’s always about some tech company raising a gazillion dollars. Well, there is nothing new here, except that this two year old company is aggressively trying to dominate a market. Docker, who, Work at DOCKER?
A lightning producer of software for managing applications on a global basis. They’ve created a signature application container technology, and they are doing everything in their power to make sure all the other kids in the playground have to go home early.
Docker has seen four injections of money since inception and this most recent one of $95 million should really allow them to blow past all their competitors, such as CoreOS, another upstart. So we’re looking at a total of close to $160 million in funding. Last September in 2014 the company was valued at close to $400 million, this year it’s possible it’s value could be a billion dollars. Thinking about submitting those resumes now, or later?
Benjamin Golub, Docker’s chief executive said Docker still hasn’t spent all of the money from its second round of financing, let alone the $40 million it raised in its third round of funding last September. But Docker’s chief executive downplayed the importance of the new money. “We need to be prepared to add jobs at Docker, add features, and add functionality that enterprises are asking for – networking, storage, additional security,” he said.
All this money is a good indicator of what tech companies feel is urgently needed out there in tech land. Here’s what all the hoopla is about, “containers”. It is a theoretical box which allows software engineers and developers to take their software and pack it up into format that lets it run practically anywhere. So without any new coding or third party tools you can put the container in a company’s own data center or in a cloud service run by somebody else, and it’s supposed to work.
What is interesting is that this wasn’t the main mission of Docker, but since open sourcing the software it has become one of the fastest-growing pieces of business software ever. The money making part is the upgrading to premium versions with all the bells and whistles to manage the software. Docker is betting that this market continues to grow and containers are most definitely a growing market. If they can capitalize on its popularity and sell the tools to make it work at large scales, they will dominate.
All the major cloud companies are trying to support Docker right now. Docker containers let developers stack their software in a super-efficient way, saving their customers time and money on things like servers. If the applications can run more efficiently, customers have to pay less for their monthly cloud bill. According to the press release the venture money will go towards making the technology work more efficiently on Amazon (find jobs at Amazon), Microsoft, and IBM clouds. If only we could all live in the clouds, right?