INSUBCONTINENT EXCLUSIVE:
Now, a startup that is building DevOps tools is announcing a significant funding round to capitalize on that opportunity
Portland, Oregon-based Puppet (formerly Puppet Labs) has raised $42 million in funding in a venture round with a number of strategic and
disclosed valuation was in 2014, when it raised $40 million and was valued at $652 million post-money.But Puppet has grown more than
two-fold in the last four years: back then, it had 18,000 customers, including the likes of Google, Twitter, Salesforce and ATT
this month).All this would imply that Puppet, which now has raised $150 million to date, is likely valued at significantly more than $700
for DevOps transformation, software automation and the pressing need for enterprises to navigate the new world of software delivery
have led to a wide slate of functions in a business falling under the category of developer-led operations.This has, in turn, driven a
bigger demand for better processes to run these operations and the infrastructure that they touch
Puppet is not the only company in this area: in addition to large players like Cisco and CA Technologies and EMC, there are startups like
part of what is attractive about the company, as many businesses today are not all-in on modern architectures, but are grappling with
hybrids of old and new, cloud and on-premises, and so on
One that not only takes advantage of cloud native capabilities and containerized applications, but also requires modernization of existing,
of DevOps at ServiceChannel, in a statement.Investors Cisco and VMware are themselves already key players in the area of DevOps (and Cisco
and VMWare, both previous investors, already work with Puppet), while another backer, EDBI, holds investments in a number of companies that
organizations partner with technology providers with compelling innovation, world-class support and a global community of
Development and Cisco Investments, in a statement
automation and management platform transforms how companies manage and improve the efficiency of their IT assets and can help companies in
