dotCloud failure

DotCloud

Enabled developers to host, assemble and run their applications

Description

dotCloud was a platform as a service (PaaS) for developers that enabled them to host, assemble and run their applications on the service. Through dotCloud, numerous organizations found a safe and stable stage to maintain their organizations. dotCloud gave origin to the Docker project which became so successful that the company changed its name to Docker. As the potentials for Docker increased, the team decided to concentrate on it and sold off dotCloud to Berlin-based company CloudControl.

Stats

Category
Software and Hardware
Country
United States
Started
In 2008
Closed
By 2016
Number of Founders
One
Name of Founders
Solomon Hykes
Number of Employees
Between 251 And 500
Number of Funding Rounds
3
Total Funding Amount
$13.7M
Number of Investors
15
Precise Cause of Failure
Mismanagement of Funds
Business Outcome
Bankruptcy

Cause of Failure

dotCloud closed on February 29, 2016. The mother company, CloudControl, filed for bankruptcy and dotCloud, a very small part of the German organization, could not sustain operation costs by itself thus decided to stop its operations.

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