Docker, a San Francisco-based software container platform, sold its enterprise business to VC-backed Mirantis, and also raised $35 million in new funding from return backers Benchmark and Insight Partners.
Why it matters: Docker was a high-flying unicorn not too long ago, even viewed as a promising IPO candidate, but has since had its wings clipped and stall moved over with the middling mares.
- Shakeup: Docker also named its third CEO of 2019, promoting chief product officer Scott Johnston to succeed Rob Bearden.
The bottom line: "Docker's fortunes changed quite a bit over the years, from leading the container revolution to becoming somewhat of an afterthought after Google open-sourced Kubernetes and the rest of the industry coalesced around it." — Frederic Lardinois, TechCrunch