How Much Did Puppet Raise?
Funding & Key Investors

Puppet, a cornerstone in the IT automation and DevOps landscape, has successfully navigated multiple stages of capital accumulation to solidify its market position. With a cumulative financial backing of $189.5M, the company has demonstrated a robust growth trajectory since its inception. The most recent strategic investment of $40M underscores the firm's ongoing commitment to scaling its enterprise-grade solutions and maintaining its competitive edge in a rapidly evolving digital infrastructure market.

The company's funding history reflects a disciplined approach to capital management, transitioning from early-stage venture support to significant debt financing. This progression highlights Puppet's maturity as an organization capable of leveraging diverse financial instruments to fuel innovation and operational expansion.

What is Puppet?

Puppet
SoftwareStorage & System Management Software

Founded in 2009 and headquartered in Portland, Oregon, Puppet has established itself as a critical provider of automation, DevOps, and compliance solutions. By enabling organizations to manage and automate their IT infrastructure, Puppet addresses the complex challenges of modern software delivery and system reliability. Its platform is widely utilized by enterprises to ensure consistency, security, and efficiency across hybrid cloud environments, positioning the company as a vital component of the modern enterprise technology stack.

How much funding has Puppet raised?

Puppet has raised a total of $189.5M across 8 funding rounds:

2010

Series B

$5M

2011

Series C

$8.5M

2013

Series D

$30M

2014

Series E

$40M

2016

Debt

$22M

2018

Series F

$42M

2020

Debt

$40M

Series B (2010): $5M led by True Ventures and Kleiner Perkins

Series C (2011): $8.5M supported by True Ventures, VMWare, Cisco, GV, and Radar Partners

Series D (2013): $30M featuring VMware

Series E (2014): $40M backed by Cisco Systems, Kleiner Perkins, VMware, Google Ventures, Triangle Venture Capital Group, and True Ventures

Debt (2016): $22M with participation from Silicon Valley Bank

Series F (2018): $42M led by True Ventures, EDBI, Cisco Investments, and VMWare

Debt (2020): $40M supported by BlackRock

Key Investors in Puppet

True Ventures

True Ventures is a founder first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.

Kleiner Perkins

Kleiner Perkins is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.

Cisco Systems

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking and other products related to the communications and information technology industry worldwide.

What's next for Puppet?

Looking ahead, Puppet is well-positioned to capitalize on the increasing demand for automated compliance and cloud-native infrastructure management. The strategic capital secured through its various funding rounds provides the necessary runway to accelerate product development and expand its global footprint. As the industry shifts toward more complex, distributed systems, Puppet's focus on simplifying IT operations will likely remain a key driver of its long-term value proposition and market relevance.

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Frequently Asked Questions Regarding Puppet Financial Insights

What are the most recent funding rounds that Puppet has completed, and what were the funding rounds?
Puppet has recently completed 3 funding rounds: Debt on Jul 16, 2020, Series F on Jun 25, 2018, Debt on Jan 19, 2016.
What is the total amount of funding Puppet has raised to date?
Puppet has raised a total of $189.5M in funding to date.
How many funding rounds has Puppet completed?
Puppet has completed 3 funding rounds.
How much funding did Puppet raise in its most recent funding round?
Puppet raised $40M in its most recent funding round.
Who are the lead investors in Puppet's latest funding round?
The lead investor in Puppet's latest funding round was BlackRock. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Puppet's history?
The largest funding round in Puppet's history was $42M.
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