Docker, Inc. today revealed that it has secured an additional $105 million in funding which, among other things, will be applied to expanding the reach of Docker container application development tools that developers use in the domain. serverless computing frameworks and the emergence of WebAssembly (Wasm) and Web3 platforms.
Overall, this latest investment round brings Docker, Inc.’s valuation to $2.1 billion.
Docker, Inc. CEO Scott Johnston said this latest round of funding should boost developers’ confidence that the skills they learn today will be applicable to multiple types of computing platforms globally. ‘coming.
The company currently claims that application development teams using Docker containers release code 13 times more frequently, are able to increase productivity with new technologies in 65% less time, and reduce average time to resolution (MTTR) of security vulnerabilities. by 62% compared to older approaches to building apps.
Docker, Inc. also says there are now over 10 million registered developers and development teams. The company also has more than 56,000 business customers, including more than 70% of the Fortune 100, nine of the top 10 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. In fact, Docker, Inc. reports that year-over-year annual recurring revenue increased fourfold from the prior year.
As the number of developers using containers to build applications steadily increases, a myriad of new technology platforms are emerging. Docker, Inc. is committed to not only growing its existing ecosystem, but also to ensuring that any investment developers make today in building skills will be scalable as the computing landscape continues to evolve.
Wasm, for example, is a portable binary code format and corresponding text format for building applications in a sandboxed execution environment that runs in memory. It replaces the current method of building software that relies on aggregating software components that tend to lack distinct security boundaries between them. It’s still early days, but Wasm promises to simplify running any app on any platform.
Web3, on the other hand, refers to an effort to use blockchain platforms to decentralize the web. The term Web3 was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014. Basically, Web3 encompasses any exchange of a digital asset without a central authority, such as a bank or government, involved. The entity that manages the digital asset exchange is instead referred to as a Decentralized Autonomous Organization (DAO). A DAO is defined as an organization that registers its members, rules and responsibilities on an immutable ledger, enabled by blockchain technology, which uses a form of token to represent an asset. The overarching goal is to reduce domination and control over centralized services held by a handful of large providers.
Regardless of how computing will evolve in the coming years, it looks like the computing landscape will continue to be more varied than it is today.