The company will be opening its largest clinic yet, in San Jose, sometime next monthRead more...
The company has seen a strong year and has drawn some high-profile customers
IT automation software maker Puppet Labs announced Tuesday that it has raised $8.5 million in a Series C round of funding led by Cisco, Google Ventures, and VMware. Puppet Labs previously raised funds from Kleiner Perkins, True Ventures, and Radar Partners, bringing the company’s total raised to $15.75 million.
Founded in 2005, the Portland, Ore.-based company has made a name for itself with its flagship IT automation product Puppet Project, which was released that same year. Since then, Puppet has branched out and in January, the company released its first commercial version of Puppet, Puppet Enterprise, which—just as the name implies—allows systems administrators at the enterprise level to manage IT infrastructure on premise and in the cloud.
In September, Puppet Labs unveiled Puppet Enterprise 2.0, which allows systems administrators to configure and manage virtualized and cloud infrastructure.
The company currently boasts more than 250 customers, including such high-profile names as Zynga, Twitter, NYSE, Disney, Citrix, Oracle/Sun, Constant Contact, Match.com, Shopzilla, Los Alamos National Laboratory, and Stanford University.
"Global companies need efficient solutions to manage their on-premise and cloud infrastructures," said Google Ventures partner Karim Faris, in a statement. "The Puppet Labs team has demonstrated the market traction and leadership to capitalize on this tremendous opportunity, and we're looking forward to working with them to grow the business."
The company currently numbers 60 employees and was recently named an AlwaysOn “OnDemand Top 100” winner. This year, the company has also seen its community expand beyond North America and Europe into China, India, and Japan.
Puppet Labs plans to use the new funds to accelerate growth.
"The participation of these new investors in this latest round reinforces our lead in providing powerful IT automation tools for system administrators, whether deploying applications on-premise or in the cloud," said Luke Kanies, CEO of Puppet Labs, in a statement.
Read more from our "Trends and news" series
The company will use the new funding to continue to grow out its teamRead more...
The company will use the funding, in part, to expand to more cities over the next two yearsRead more...