What is Puppet?
Founded in 2009 and headquartered in Portland, Oregon, Puppet provides essential automation, DevOps, compliance, and other critical IT solutions designed to streamline complex infrastructure management for enterprises. The company has established itself as a key enabler of digital transformation, helping organizations achieve greater efficiency, security, and agility in their IT operations. Puppet's offerings are crucial for businesses navigating the complexities of modern IT environments, from cloud migration to continuous delivery pipelines.
How much funding has Puppet raised?
Puppet has raised a total of $189.5M across 8 funding rounds:
Series B
$5M
Series C
$8.5M
Series D
$30M
Series E
$40M
Debt
$22M
Series F
$42M
Debt
$40M
Series B (2010): $5M led by Kleiner Perkins and True Ventures
Series C (2011): $8.5M supported by GV, True Ventures, Radar Partners, Cisco, and VMWare
Series D (2013): $30M featuring VMware
Series E (2014): $40M backed by Cisco Systems, True Ventures, Google Ventures, VMware, Triangle Venture Capital Group, and Kleiner Perkins
Debt (2016): $22M with participation from Silicon Valley Bank
Series F (2018): $42M led by EDBI, True Ventures, VMWare, and Cisco Investments
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 Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
BlackRock
BlackRock is a global investment management firm headquartered in New York City with operations across North America, Europe, Asia, and other regions. Founded in 1988, the company offers a comprehensive range of investment products and services including mutual funds, exchange-traded funds (ETFs), and alternative investments.
What's next for Puppet?
The recent strategic investment, coupled with the overall significant enterprise-level funding Puppet has attracted, positions the company for continued expansion and innovation. This capital infusion is likely to fuel further development of its automation and DevOps platforms, potentially targeting new market segments or enhancing existing capabilities to address evolving industry demands. Puppet's strategic focus will likely remain on empowering IT teams to manage complex systems more effectively, reinforcing its role as a leader in the IT solutions landscape.
See full Puppet company page
