Docker Inc., a developer of software that makes it easier to run programs on multiple computers and networks, has raised $40 million in funding that values it at around $400 million, according to people with knowledge of the matter, showcasing the emergence of a new technology called containerization.
Sequoia Capital led the financing round, which included existing investors Benchmark, Greylock Partners, Insight Ventures, Trinity Ventures and Jerry Yang’s AME Cloud Ventures, Docker said today. Docker, which will generate revenue from subscription fees, changed its name from dotCloud in October. Combined funding to date is now $66 million.