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@PuppetLabs Closes $40 Million Funding Round to Fuel Rapid Expansion and Address Enterprise Demand for IT Automation
Puppet Labs, the leading provider of IT automation software, today announced that it has closed a $40 million investment round from existing investors Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware. The company will use the funds to invest aggressively in the talent, technology advancements and global expansion needed to meet the growing demand for its IT automation software. This round brings the company's total venture capital investment to $86 million since June 2009.

In addition to this funding round, Puppet Labs also announced that Mukesh Sharma has joined the team as vice president of sales, EMEA, to expand support for its growing customer, partner and developer communities throughout the world. Prior to joining Puppet Labs, Sharma was the COO of Canopy, a cloud service provider, where he focused on delivering operational excellence to help accelerate deployments and ensuring customers meet their business goals. Mukesh was also responsible for building pre-sales and product development organizations, while also developing the global sales go-to-market. Mukesh joined Canopy from EMC where he was responsible for building and running the Virtualization & Cloud business unit across Europe, Middle-East and Africa.

"The need to remain competitive within the global economy has led enterprises to demand IT automation capabilities that Puppet Labs has become singularly qualified to deliver. This has led to an exemplary growth trajectory over the years that True Ventures is excited to be supporting," said Puneet Agarwal at True Ventures. "Puppet Labs is a rare combination of excellent product and talented people who have come together at a time when the world's leading enterprises are looking for solutions that will help them reshape their businesses."

"Puppet Labs is growing fast for a reason: IT automation is critical for any company that uses software to compete," said Luke Kanies, founder and CEO of Puppet Labs. "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."

Puppet Labs recently released its 2014 State of DevOps Report. Based on the largest DevOps survey to date, the report shows that IT performance is both measurable and a strong driver of overall company performance. Anyone interested in the strategic value IT can add to the enterprise can download the report for free at http://puppetlabs.com/2014-devops-report .

Published Thursday, June 19, 2014 7:21 PM by David Marshall
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