Puppet Labs Lands $30,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=495c8f19-12a6-4311-839b-52e5b332b14d&Preview=1 - Date
1/23/2013 - Company Name
Puppet Labs - Mailing Address
411 NW Park Ave Portland, OR 97209 - Company Description
Puppet Labs provides next-gen IT automation, enabling IT organizations to manage infrastructure as code so they can provide higher service levels with less staff. Reductive Lab’s flagship offering, Puppet, significantly improves the automation and management of IT operations for large scale, fast growing, transaction-driven businesses, which are facing unprecedented cost pressures, reduced headcount, and increased support demands. Puppet’s knowledge-based approach creates an audit trail that delivers a new level of transparency so that IT teams can implement change more consistently, accurately and rapidly over the lifecycle of the systems. - Website
http://www.puppetlabs.com - Transaction Type
Venture Equity - Transaction Amount
$30,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
Through the funding and partnership, Puppet Labs will be able to accelerate the development of its award-winning products, increase market adoption in new geographies, and work jointly with VMware to deliver, market and sell solutions. - M&A Terms
- Venture Investor
VMWare
