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June 23, 2014

Wheelings & Dealings: Puppet Labs' $40 Million Funding Round to Address Enterprise Demand for IT Automation

With so many different technologies available, organizations need IT automation to link together the disparate hardware and software they use as a self-acting and self-regulating platform. While the concept has been applied by many organizations, it is becoming increasingly more difficult to implement automated platforms capable of dealing with constant security threats, because an automated system is not an intelligent system. This is an important point to remember for organizations as they rely on the automation and slowly forget the security risks they face. One company that provides system administrators a comprehensive insight both on premise and in the cloud is Puppet Labs.

The company closed a $40 million investment round from existing investors Cisco (News - Alert), Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Peak Partners, True Ventures and VMware, bringing its total venture capital investment to $86 million since June 2009. Since that time the company has managed the IT infrastructures of some of the largest organizations in the world including Bank of America, Cisco, Citrix, eBay, NYSE, PayPal (News - Alert), salesforce.com, and WebEx.

Along with the funding, the company also announced the addition of veteran sales executive Mukesh Sharma to lead its EMEA growth efforts. Sharma will be the new VP of sales EMEA, in order to expand Puppet Labs' customer, partner and developer communities globally. Mr. Sharma has extensive industry experience, and before joining the company he was the COO of Canopy, a cloud service provider, and ran the Virtualization & Cloud business unit across Europe, Middle-East and Africa for EMC (News - Alert).

Some of the key growth areas and achievements Puppet Labs has experienced include:

18,000+ companies are using it solutions

More than half of Fortune 100 companies are customers

Growth to over 300 employees worldwide

SIIA CODiE 2014 Award for Best Systems Management (News - Alert) Solution

InfoWorld Technology of the Year Award for 2014

"Puppet Labs is growing fast for a reason: IT automation is critical for any company that uses software to compete. Today, we help more than 18,000 organizations automate IT, both on premise and in the cloud. But we're just getting started. This funding round enables us to further our leadership position by entering new markets and helping our customers deliver great software faster than ever,” said Luke Kanies, founder and CEO of Puppet Labs.




Edited by Maurice Nagle
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