Docker, once worth $1 billion, tells staff it's trying to raise cash amid 'significant challenges'
have gone public in recent years and are each worth more than $5 billion, thanks to successfully building proprietary tools that customers need in order to get the best use out of the software. MongoDB generated over $260 million last year and Elastic topped $270 million.
Docker has raised more than $200 million in funding, including the $95 million round four years ago that included participation from . High-profile Silicon Valley firms Benchmark, Sequoia Capital and Greylock Partners are also backers, helping the company achieve a $1.3 billion valuation in 2017.Here's the full email from Bearden to his staff:As shared at the last All Hands, we have been engaging with investors to secure more financing to continue to execute on our strategy. I wanted to share a quick update on where we stand. We are currently in active negotiations with two investors and are working through final terms.
I realize that uncertainty brings with it significant challenges, and I want to thank each of you for persevering in spite of the lack of clarity we've had these past few weeks. Great job to the field and everyone who has helped get the word out about the "Now" as the product and engineering teams have been hard at work on the "Barracuda" release.I ask that you please keep this confidential and internal only.
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