Docker Revenue, Valuation, Funding & Investors
Docker is valued at $2.1B as of March 2022, a 42.0x multiple on its last reported $50M revenue.
Last Docker valuation
$2.1B
Series C · Mar 2022
Last Docker funding round
$105M
Series C · Mar 2022
Docker revenue
$50M
Series C · Mar 2022
Key investors in Docker
Insight Partners
Benchmark
Greylock
Trinity Ventures
Sequoia Capital
AME Cloud Ventures
About Docker
Docker is a San Francisco-headquartered open-source platform for containerizing applications. Its Hub repository hosts over 13 million images, integrating with GitHub Actions and Kubernetes for CI/CD pipelines used by Netflix and Spotify.
Founded
2011
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$50M (Mar 2022)
Valuation
$2.1B (Mar 2022)
Docker Valuation
Docker is currently valued at $2.1B, based on its Series C in March 2022.
The $105M round was led by Bain Capital Ventures, with participation from Atlassian Ventures, Vertex Ventures, FJ Labs, Four Rivers Group, Vertex Ventures US and 5 other investors.
Docker's valuation has grown 5.3x from $400M at its Series C in September 2014 to $2.1B in March 2022, across 5 priced rounds.
Docker valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Series C | $2.1B | 42.0x |
| Nov 2019 | Series A | $1.3B | 14.9x |
| Oct 2017 | Series E | $1.3B | - |
| Apr 2015 | Series D | $1B | 14.9x |
| Sep 2014 | Series C | $400M | 14.8x |
Docker Revenue
Docker's latest recorded revenue is $50M, as of its Series C in March 2022. At a $2.1B valuation, that implies a 42.0x revenue multiple.
Revenue grew from $27M in September 2014 to $50M in March 2022, while the revenue multiple moved from 14.8x to 42.0x.
Docker revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $50M | $2.1B | 42.0x | Series C |
| Nov 2019 | $87M | $1.3B | 14.9x | Series A |
| Apr 2015 | $67M | $1B | 14.9x | Series D |
| Sep 2014 | $27M | $400M | 14.8x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Docker Funding History
Docker has raised a total of $423M across 8 funding rounds.
Docker's first fundraising round was a $15M Series B in January 2014. The most recent completed round was a $105M Series C in March 2022.
Docker funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series C | Bain Capital Ventures (lead); Atlassian Ventures; Vertex Ventures; FJ Labs; Four Rivers Group; Vertex Ventures US; Benchmark; TeleSoft Partners; Tribe Capital; Citi Ventures; Insight Partners | $105M | $2.1B | Docker, known for its open-source containerization platform that enables developers to build, package, and ship containerized applications, announced a $105 million Series C funding round on March 31, 2022, led by Bain Capital Ventures with participation from new investors Atlassian Ventures, Citi Ventures, Vertex Ventures, Four Rivers Group, and existing investors Benchmark, Insight Partners, and Tribe Capital. The round brought total funding to $163 million in its current structure following a 2019 restructuring where it sold its enterprise business to focus on developer tools and cloud-native containers. The post-money valuation was set at $2.1 billion, reflecting strong momentum in a market shifting toward massive app development and developer growth. At the time of the round, Docker reported annual recurring revenue (ARR) exceeding $50 million, a 4x increase from two years prior, achieved through a revamped product strategy and business model emphasizing the developer community. CEO Scott Johnston highlighted the success of bets on upstream open source assets, brand strength, and products serving developers' needs for building, sharing, and running apps anywhere. The funding was unsolicited with competitive term sheets, allowing Docker to selectively raise and position for further innovation amid slowing investment trends. Proceeds aim to accelerate developer productivity, particularly in Kubernetes applications and addressing software supply chain security challenges, as analysts projected 500 million apps by 2023 and a developer workforce expanding to 45 million. Bain Capital Ventures' Enrique Salem joined the board. Investors aligned with Docker's traction in a burgeoning container ecosystem, supporting its pivot to a subscription model post-restructuring. |
| Mar 2021 | Series B | Tribe Capital (lead); Benchmark; Insight Partners; David J. Namdar | $23M | - | Docker, Inc. is a leading provider of collaborative application development platforms that enables developers to build, ship, and run containerized applications. The company offers two main products under a freemium model: Docker Desktop, a desktop application for building and testing container applications, and Docker Hub, a repository and marketplace for container images with nearly 30 billion pulls in Q4 2020. In March 2021, Docker raised $23 million in Series B funding led by Tribe Capital, with participation from existing investors Benchmark and Insight Partners, bringing total funding to $58 million. The round was announced as Docker had refocused its strategy on developers following the sale of its enterprise business to Mirantis in 2019. Docker demonstrated strong momentum heading into the Series B, adding 1.8 million new registered developers for a total of more than 7.3 million developers, and achieving 170% year-over-year ARR growth. The investment was intended to accelerate product innovation, enhance developer tools, expand Docker Hub capabilities, and build additional security and supply chain features. Key metrics included 3.3 million Docker Desktop installations as of February 2021, and the company had regrouped successfully as a cloud-native container company focused on serving millions of developers globally. |
| Nov 2019 | Series A | Benchmark (lead); Insight Partners (lead); Jon Oringer | $35M | $1.3B | Docker, originally founded in 2010 as DotCloud, develops a container platform enabling enterprises to build, share, and deliver applications on premises or in the cloud, including the Docker Hub repository. On November 13, 2019, the company underwent a restructuring, selling its Docker Enterprise business to Mirantis and securing $35 million in new financing from existing investors Benchmark and Insight Partners (with Jon Oringer associated via prior investments), as part of a recapitalization to refocus on developer workflows. The funding supported expansion of Docker Desktop and Docker Hub for multi-service, hybrid cloud applications, positioning the company to advance developers' build, share, and run processes. Scott Johnston was named CEO to lead this developer-centric phase. This round followed prior raises totaling around $274 million, including a $113 million Series D in 2015 and $91.9 million between late 2017 and October 2018. The Wall Street Journal pegged Docker's valuation at $1.3 billion for the prior round. This recapitalization strengthened Docker's financial position amid the split of its enterprise and developer businesses. Subsequent developments included a $105 million Series C in 2022 at $2.1 billion valuation, with ARR over $50 million (4x YoY growth) reported two years post-restructuring. |
| Oct 2017 | Series E | Salesforce Ventures; The Family; Greenspring Associates; FJ Labs; AME Cloud Ventures; Benchmark; Goldman Sachs; SharesPost Investment Management; Coatue; Cross Creek; Base Partners | $92M | $1.3B | Docker, the company behind the popular open-source containerization platform, raised approximately $92 million (part of a targeted $192 million) in a late 2017 funding round, as indicated by SEC filings amended in 2018. Investors included AME Cloud Ventures, Base Partners, Benchmark, Coatue, Cross Creek, FJ Labs, Goldman Sachs, Greenspring Associates, Salesforce Ventures, SharesPost Investment Management, and The Family, matching the query details. This followed an initial filing for $61-75 million, with the round starting sales on September 25, 2017. The funding valued Docker at $1.3 billion post-money, up from $1 billion in its 2015 round, positioning it as a unicorn amid competition from Google's Kubernetes. Bloomberg reported the $1.3 billion target in August 2017. The capital supported Docker's pivot to enterprise, focusing on hybrid cloud migrations for large businesses without lock-in to specific OS or clouds. This Series E extension marked Docker's pre-IPO preparations, adding independent directors. It preceded a 2018 $92 million raise at $1.32 billion and 2019 enterprise split to Mirantis, with the developer-focused remainder raising anew in 2022 at $2.1 billion. |
| Nov 2015 | Series D | Ignition Partners; Sequoia Capital; Greylock; Insight Partners; Trinity Ventures | $18M | - | - |
| Apr 2015 | Series D | Insight Partners (lead); AME Cloud Ventures; Lowercase Capital; Benchmark; Ignition Partners; Goldman Sachs; Sequoia Capital; Lightspeed Venture Partners; Northern Trust; Greylock; Coatue; Trinity Ventures | $95M | $1B | Docker is a containerization technology company that invented a market for its signature container technology, which enables software developers to package applications into containers that run consistently across different computing environments without additional tools or modifications. The platform allows developers to write software once and deploy it across company data centers or cloud services from providers like Amazon, Microsoft, and IBM. Docker raised a $95 million Series D funding round in April 2015 led by Insight Venture Partners, with participation from existing and new investors including Coatue, Goldman Sachs, Northern Trust, Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures, and Jerry Yang's AME Cloud Ventures. The funding valued Docker at $1 billion, elevating it to unicorn status and bringing its total funding to $150 million since inception. The capital was allocated toward expanding Docker's product offerings and optimizing the technology's performance across major cloud platforms. Docker had achieved significant developer adoption and commercial traction following its 1.0 release in June 2014, with the company reporting rising numbers of paying customers for its commercial support and services offerings. |
| Sep 2014 | Series C | Sequoia Capital (lead); AME Cloud Ventures; Greylock; Insight Partners; Trinity Ventures | $40M | $400M | Docker, Inc. is the company behind the Docker open source platform for containerizing and deploying distributed applications. The platform enables developers and system administrators to package applications with their dependencies, simplifying deployment across infrastructure environments. By September 2014, Docker had built substantial ecosystem traction with support from major technology companies including Google, IBM, Microsoft, Red Hat, VMware, and others integrating Docker into their offerings. In its Series C funding round announced on September 16, 2014, Docker raised $40 million led by Sequoia Capital, with participation from existing investors Benchmark Capital, Greylock Partners, Insight Ventures, Trinity Ventures, and Yahoo founder Jerry Yang through AME Cloud Ventures. The round valued the company at approximately $400 million, representing significant growth from its Series B in January 2014 ($15 million raised). Docker stated it would use the capital to expand its enterprise support organization, grow its ecosystem of developers and platform partners, and roll out a private version of Docker Hub. At the time of the round, Docker operated with a lean organization, relying on partners for sales and marketing while building a community of 600 contributors that had generated 35,000 applications in its app store. CEO Ben Golub indicated the company was well-capitalized and would not begin deploying the new capital until late 2015, demonstrating confidence in the business momentum and long-term vision for building a market-defining company in application infrastructure. |
| Jan 2014 | Series B | Greylock (lead); pamela mouvace; Benchmark; Jerry Yang; Insight Partners; Trinity Ventures | $15M | - | Docker secured a $15 million Series B funding round led by Greylock in January 2014. Participating investors included Benchmark, Insight Partners, Trinity Ventures, Jerry Yang, and Pamela Moore. The round supported Docker's platform for containerization, enabling developers to build, ship, and run applications in isolated environments. |
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Who has invested in Docker?
31 investors have backed Docker across its funding rounds, including Insight Partners, Benchmark, Greylock, Trinity Ventures, Sequoia Capital and AME Cloud Ventures.
Lead investors include Bain Capital Ventures, Tribe Capital, Benchmark, Insight Partners, Sequoia Capital and 1 other investor.
Docker Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 7 | Lead | Jan 2014 | |
| San Francisco, CA | 6 | Lead | Jan 2014 | |
| San Francisco, CA | 4 | Lead | Jan 2014 | |
| San Francisco, CA | 4 | Participant | Jan 2014 | |
| San Francisco, CA | 3 | Participant | Sep 2014 | |
| San Francisco, CA | 3 | Lead | Sep 2014 | |
| New York City, NY | 2 | Participant | Oct 2017 | |
| San Francisco, CA | 2 | Participant | Apr 2015 | |
| New York City, NY | 2 | Participant | Apr 2015 | |
| San Francisco, CA | 2 | Lead | Mar 2021 | |
| New York City, NY | 2 | Participant | Apr 2015 | |
 Sydney | 1 | Participant | Mar 2022 | |
| Miami, FL | 1 | Participant | Nov 2019 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Docker
Docker has acquired 11 companies to date.
Last acquisition by Docker was on December 11th 2023. Docker acquired AtomicJar for undisclosed valuation.
Latest Acquisitions by Docker
| Description | AtomicJar is a Newark, New Jersey-based integration testing platform founded on March 2, 2021. It enables developers to create disposable databases and web services for automated testing of applications, supporting frameworks like Spring Boot and reducing setup time for CI/CD pipelines. | Mutagen is a San Francisco-based developer of open-source tools for remote development environments. Its core product synchronizes files and provides networking between local and remote machines at high speeds, outperforming alternatives like rsync and SSHFS. Used by engineering teams at companies worldwide, Mutagen integrates with Docker, Kubernetes, and VS Code, facilitating seamless containerized workflows since its release in 2019. | Nestybox is a software provider enabling Linux containers to function as full virtual machines. The sysbox platform expands container use cases for enterprises seeking cost-effective alternatives to traditional VMs in cloud and on-premises environments. | Infinit is a Paris-headquartered file transfer service using peer-to-peer encryption for secure sharing up to 100 GB. Launched in 2012, it supports self-destructing links and end-to-end P2P without servers storing data. Techstars New York alum with backing from Alven Capital, it serves creators and teams in Europe via macOS, Windows, and web apps. | |
| HQ Country | | | |  | |
| HQ City | Newark, NJ | San Francisco, CA | San Jose, CA | Paris | |
| Deal Date | 11 Dec 2023 | 27 Jun 2023 | 10 May 2022 | 6 Dec 2016 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Docker Competitors
Docker competitors include listed companies like C3.ai and DigitalOcean, and private ones like Netlify, CloudBees, Vercel and Supabase.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $2B | - | |
| United States | Publicly listed | $250M | ($484M) | $1.7B | 4.5x | |
| San Jose, CA | Private | $150M | - | $1.1B | 7.7x | |
| Los Angeles, CA | Private | $200M | - | $9.3B | 46.5x | |
| San Francisco, CA | Private | $70M | - | $11B | - | |
| United States | Publicly listed | $901M | $343M | $16B | 14.9x |
Docker Public Comps
Docker is still privately-owned, but its public comps include SharonAI, ESDS Software, UCloud Technology, Justsystems, SoftwareOne, VNET Group, C3.ai, Progress Software, Nava and Kingsoft Cloud.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2M | ($36M) | 752.3x | 13.7x | (32.7x) | 46.2x | |||
| $49M | $25M | 38.3x | 13.8x | 76.7x | 56.6x | |||
| $253M | $31M | 7.7x | - | 63.2x | - | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $1.5B | $191M | 2.0x | 1.6x | 15.9x | 7.2x | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
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Common questions about Docker
| When was Docker founded? | Docker was founded in 2011. |
| Where is Docker headquartered? | Docker is headquartered in San Francisco, CA, United States. |
| Is Docker publicly listed? | No, Docker is a private, VC-backed company. |
| What is Docker's valuation? | Docker was last valued at $2.1B in its Series C in March 2022. |
| How much funding has Docker raised? | Docker has raised $423M across 8 funding rounds. |
| What was Docker's last funding round? | Docker's last funding round was a $105M Series C in March 2022, led by Bain Capital Ventures. |
| Who are Docker's investors? | Docker's investors include Insight Partners, Benchmark, Greylock, Trinity Ventures, AME Cloud Ventures, Sequoia Capital, FJ Labs, Ignition Partners, Goldman Sachs, Tribe Capital and 21 others. |
| What is Docker's revenue? | Docker's latest recorded revenue is $50M (March 2022). |
| What is Docker's revenue multiple? | Docker's latest valuation implies a 42.0x revenue multiple ($2.1B valuation on $50M of revenue). |
| Which companies are comparable to Docker? | Companies comparable to Docker include Netlify, C3.ai, CloudBees, Vercel, Supabase and DigitalOcean. |
| How many companies has Docker acquired? | Docker has acquired 11 companies, including AtomicJar, Mutagen, Nestybox, Infinit and Conductant. |
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