Puppet raises over £30 million

Written by:
Hyve
Date Posted:
18 July 2018

Automation and software delivery experts, Puppet, have raised £31.9 million in series F funding. This complements their recent expansion involving the acquisition of data visualisation as a service company Reflect.

Cisco Investments led the funding round, accompanied by EDBI, True Ventures, VMware and Kleiner Perkins. Total funding for the company is now running at £149.5 million over the 7 rounds of funding. 

Puppet’s 2017 DevOps report showed that in America, DevOps engineers are earning in excess of $100,000 a year in salaries. Their message is that finally enterprises are beginning to to understand the evolution of IT services and software delivery. 

Puppet’s philosophy seems to be focused around delivering insights on how to provide better services – through Reflect-powered visualisation or other tools. Puppet quoted Gartner’s research which posited that by 2020 90% of the top 100 global companies will leverage DevOps to reduce operational inefficiencies. 

The company has opened 5 strategically placed offices in the last 12 months (Seattle, Singapore, Sydney, Timisoara and Tokyo). The momentum they are picking up is showing no signs of letting up soon. 

Sanjay Mirchandani, Puppet’s CEO said: 

“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.”
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