Is Docker The New Twitter?
There's a new startup in town, and its beginnings look very similar to that of social-media giant Twitter Inc. (NYSE: TWTR). Docker, a cloud computing startup, raised $95 million in funding this week as venture capitalists clamored to get a piece of what looks like a quickly growing tech phenomenon.
Containers Without A Fee
Docker offers users "containers" which make it easy to develop software and run complicated programs from multiple databases. Users can download the necessary software from the company's website for free, meaning the firm is not currently generating any income. With 300 million downloads to date, many are comparing Docker's rise to stardom to Twitter, another tech startup that began with no way to turn a profit.
No Money No Problem
Docker CEO Ben Golub told Fortune that the money making will come later; right now the company is focused on spreading its service across the globe and gaining as many users as possible. Much like Twitter, the company is planning to become "too big to fail" by amassing a large user base, but Insight Venture Partners' managing director Jeff Horing says the analogy ends there.
Plans In Place
Horing's firm led the pack of investors that shelled out $95 million this week, and he says unlike Twitter, Docker is already strategizing new ways to make money. The company is planning to roll out a paid version with more security and functionality as well as working to secure partnerships with big name companies like Microsoft Corporation (NASDAQ: MSFT) and Red Hat (NYSE: RHT).
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