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Maybe You Can Call It A Comeback鈥擠ocker Raises $105M At $2.1B Valuation

It could be wise for startups to singularly focus鈥攁nd in some cases refocus鈥攐n their core business if the current uncertainty continues to hang over the markets.

If founders need an example, maybe Palo Alto, California-based could suffice. The company鈥攚hich offers an open platform for developing and running distributed applications鈥攃losed a $105 million Series C led by new investor and values the company at $2.1 billion.

The new round brings Docker鈥檚 total funding to $163 million after the company went through a where it secured $35 million from and , and sold its enterprise business to .

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At the time, the company said it had developed into two distinct businesses鈥攊ts enterprise side and its developers side.

鈥淒evelopers run deep in Docker鈥檚 heritage, therefore after completing the analysis, it was a natural decision to refocus Docker back on this critical community,鈥 said then-CEO .

That 鈥渞efocus鈥 back to its roots seems to have paid off.

In early February鈥攖wo full fiscal years since the restructuring and recapitalization鈥攖he company announced annual recurring revenue is now more than $50 million, representing more than 4x year-over-year growth.

When companies鈥攅specially open-course companies鈥攇ain an initial foothold in the developers鈥 community, the natural inclination always is to move into the enterprise area and watch revenue increase exponentially (hopefully). But many find selling to enterprises is much different than selling to developers, and doing both can splinter the business in two.

Docker鈥檚 raise also is another example of the exploding popularity of open-source platforms, software and tools among investors. According to 附近上门 data, VC-backed startups in the open-source community raised nearly $2.8 billion last year鈥攖wice the total in 2020. Already this year, VC-backed open-source startups have secured nearly $1 billion.

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