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Google Ventures and Cisco re-up in $40m financing for IT software company Puppet Labs

19 Jun 2014

coinsCisco, Google Ventures and Triangle Venture Capital Group have reinvested in automation software provider Puppet Labs to the tune of $40m.

True Ventures and VMware also renewed their commitment to the company, bringing the its total venture capital backing to $86m since June 2009.

Puppet Labs produces software developed to help IT system administrators by automating repetitive tasks, quickly deploying critical applications, and managing infrastructure, either on-premise or in the cloud.

The company has more than 18,000 businesses using the software and says it will use the funds to invest “aggressively” in talent, technology advancements and global expansion.

US-based Puppet Labs secured a $30m investment from US software company VMware at the beginning of this year.

True Ventures’ Puneet Agarwal said, “The need to remain competitive within the global economy has led enterprises to demand IT automation capabilities that Puppet Labs has become singularly qualified to deliver.

“This has led to an exemplary growth trajectory over the years that True Ventures is excited to be supporting.”

Puppet Labs has hired Mukesh Sharma as vice president of sales EMEA to expand support for its growing customer, partner and developer communities throughout the world.

Google Ventures was also active last month in helping big data startup company Tamr secure $16m.

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