The $400 million container company: Docker closes in on funding round of over $40 million

Gigaom

Docker, the container management startup that’s caught a whole lot of buzz in the enterprise tech industry, is finalizing a significant funding round worth between $40 million to $75 million, according to two sources familiar with the situation. The company is said to be valued at roughly $400 million, these sources said, but the deal is still a few weeks away from being completed.

With Docker’s momentum seemingly increasing each day as big companies like Google (s goog), Spotify and Red Hat (s rht) tout the use of containers as an effective way to streamline their infrastructure and improve performance, it makes sense for the startup to capitalize on its hype and grab some cash as it continues to expand. One source said the funding interest in the company came entirely from outside investors looking to get in on Docker’s buzz.

Docker has made it clear that it’s planning to…

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