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Docker Raises $23 Million In Series B Round Led By Tribe Capital

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Docker has announced $23 million in Series B funding led by Silicon Valley venture capital firm Tribe Capital, with participation from existing investors Benchmark and Insight Partners.

This round brings Docker’s total funding to $58 million. Tribe Capital Co-Founder and Partner Arjun Sethi will join Docker’s Board of Directors.

According to the company, the investment will be used to drive further product innovation for millions of developers who rely on Docker for simplicity, choice and speed when building modern applications.

The funding comes after a year of accelerating momentum for Docker, including year-over-year ARR growth of 170%. Nearly 7.5 million developers and development teams, including those at Netflix, Wachovia and Orbital Sciences, rely on Docker to quickly and collaboratively build and share applications that can run anywhere.

Docker adoption remains significant among developers with approximately 30 billion image pulls on Docker in the fourth quarter alone, the company added.