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Cloud Startup Docker Raises $92M of a $192M Funding Round

Docker, a once high-flying cloud startup that is looking to regain momentum, has raised $92 million, according to this story from TechCrunch. Docker appears to have upped its total fundraising target for a round it began raising last year to $192 million from $75 million, according to an SEC filing. Several years ago, Docker emerged as the top provider of “containers”—software that breaks applications into pieces that can run across multiple machines in data centers and on different  cloud computing services.

But Docker lost some of its luster to Kubernetes, open-source software created at Google for managing large numbers of applications running in containers. Docker’s former CEO Ben Golub resigned last May, and its founder and CTO Solomon Hykes left in March. Docker’s current CEO Steve Singh is seeking to help the company get better at selling software to large companies, something it struggled to do under Mr. Golub. The new funding suggests that Docker may be planning to develop new products and services to raise its profile with these types of customers. 

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