Docker, an open-source platform, has announced that it has partnered with Sequoia Capital and raised $40 million in Series C funding; existing backers Benchmark, Greylock Partners, Insight Ventures and Trinity Ventures also participated. Coming on the heels of a $15 million Series B investment raised in January, the new financing more than triples the company's valuation, which stood at $98 million after the last round.
Launched in March 2013, Docker is an open platform for building, shipping and running distributed applications, enabling any application to be created and run as a collection of consistent, low-overhead containers that work across virtually any infrastructure. The company will use the funds to drive adoption of its platform in the enterprise and broaden its rapidly growing ecosystem of application developers, system administrators, platform providers and technology partners. Sequoia's Bill Coughran will join Docker's Board.