Docker, a provider of cloud-native application development tools, content, and services for developers, recently announced $105 million in Series C financing led by new investor Bain Capital Ventures (BCV). Joining BCV are new investors Atlassian Ventures, Citi Ventures, Vertex Ventures, and Four Rivers as well as existing investors Benchmark, Insight Partners, and Tribe Capital. Enrique Salem, BCV partner, will join the Docker board.
The latest round brings Docker’s total funding to $163 million and values the company at $2.1 billion.
Docker plans to use the funds to accelerate investments in both product and go-to-market initiatives. On the product side, it will increase investments in developer productivity, trusted content, and ecosystem partnerships. For go-to-market, it will invest in new channels and geographies.
The funding comes after a year of accelerating momentum for Docker, including year-over-year ARR growth of more than 4X. With over 10 million registered developers and development teams, Docker has grown to over 56,000 commercial customers, including over 70% of the Fortune 100, nine of the 10 top technology companies, eight of the top 10 banks, eight of the top 10 retailers, eight of the top 10 media companies, and seven of the top 10 healthcare companies.