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Software Maker Docker Is Raising Funding at $1.3 Billion Valuation

  • Newly installed CEO Steve Singh focusing on business customers
  • Latest round of $75 million to help form sales, marketing team
Steve Singh, chief executive officer of Docker Inc.

Steve Singh, chief executive officer of Docker Inc.

Photographer: David Ryder/Bloomberg

Business software company Docker Inc. is raising fresh funds, valuing the company at $1.3 billion, according to people familiar with the matter.

The latest influx of $75 million, which is expected to close by the end of the month, will help fuel Docker’s newest push to win business customers and finally monetize its free open-source tools popular with developers worldwide. Part of the funding will go toward building a sales and marketing team for corporate clients, one of the people said, asking not to be identified discussing private matters. The valuation would represent a marginal increase from the $1 billion it was ascribed when it last raised money in 2015.