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After selling enterprise biz, Docker lands $35M investment and new CEO – Internet

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In what’s proving to be an fascinating day for Docker, it introduced it has obtained a $35 million investment from present traders Benchmark Capital and Insight Partners.

It additionally introduced the corporate has named long-time Chief Product Officer, Scott Johnston as CEO. Johnston is the third CEO at Docker this 12 months, changing Rob Bearden, who changed Steve Singh after he stepped down in May.

The information got here shortly after Mirantis had introduced it had bought Docker’s enterprise enterprise. The strikes are curious to say the least, however Johnston says that he nonetheless sees a chance for the corporate serving to builders use Docker, the favored containerization engine that has struggled to discover a enterprise mannequin.

“Specifically, we are investing in expanding our cloud services to enable developers to quickly discover technologies for use when building applications, to easily share these apps with teammates and the community, and to run apps frictionlessly on any Kubernetes endpoint, whether locally or in the cloud,” Johnston stated in an announcement.

Bearden stated that the corporate determined to go on this course after fastidiously finding out its present enterprise fashions. “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,” he stated in an announcement.

Prior to right this moment’s announcement, the corporate had raised over $272 million, in response to Crunchbase information. Now Benchmark and Insight are throwing it a $35 million lifeline to attempt yet one more time to construct a profitable enterprise on high of the open supply Docker mission.

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