Puppet Raises $42 Million in Funding
June 27, 2018

Puppet has secured $42 million in funding led by Cisco Investments along with EDBI, Kleiner Perkins, True Ventures, and VMware.

“Our rapid growth and international expansion is a testament to the rising demand for DevOps transformation, software automation and the pressing need for enterprises to navigate the new world of software delivery. That’s why we’ve been so focused on expanding our product portfolio—to empower customers to discover, deliver and operate software across their cloud and containerized environments,” said Sanjay Mirchandani, CEO, Puppet. “I’m thrilled by the momentum we’re experiencing. It helps us better support our customers’ journey to pervasive automation.”

“Businesses put increasingly massive pressure on enterprise IT—so, it’s important that those IT organizations partner with technology providers with compelling innovation, world-class support and a global community of experts. Puppet has a track record of empowering its customers with all of these critical elements,” said Rob Salvagno, VP of Corporate Development and Cisco Investments. “We look forward to working even more with Puppet as the global demand for automation technology and innovation continues to accelerate.”

In the last year, Puppet opened five new offices in Seattle, Singapore, Sydney, Timisoara and Tokyo to meet the increasing demand for DevOps and automation throughout the world. The most significant expansion was in Asia-Pacific and Japan (APJ) where Puppet opened a new regional headquarters in Singapore. As part of today’s announcement, Puppet added EDBI as a new investor, focused on the Singapore and APJ markets.

“In today’s digital age, companies face increasing complex IT challenges dealing with their dynamic and diverse IT infrastructure. Puppet’s automation and management platform transforms how companies manage and improve the efficiency of their IT assets and can help companies in Singapore realize productivity gains while ensuring compliance,” said Swee-Yeok CHU, CEO and President EDBI. “Leveraging our network, we look forward to helping Puppet scale up its local talent pool to address the region’s opportunities through its APAC Regional HQ in Singapore and to augment Singapore’s digital transformation strategy.”

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