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August 5, 2010

Perkins Caufield & Byer leads $5 million in Series B funding for Puppet labs

Filed under: Venture Capital News — admin @ 10:39 am

Puppet Labs announced they closed the Series B funding with $5 million to secure the company’s growth by expanding its engineering team.

Started back in 2005, Puppet Labs have seen a rapid growing after the first funding round of about $2 millions in 2009 from True Ventures and Radar Partners who also participated in this new funding round. Actually, Kevin Compton from Radar Partners also joined these days the board of Puppet.

The announcement of the new funding is coming together with the release of new Puppet software 2.6, the newest version with new features like Preliminary Windows Support, Rest API or Event Model and many more designed to make systems administrators manage tasks lot easier. All these come to strengthen the position of Puppet labs on the data server management market where start-ups like Linaro, Karmasphere or Opscode are turning into a strong competition.

Amoung the list of Puppet customers we can find heavy names like Digg, Twitter, Shopzilla or Oracle and together with thousands of users of the open source management software, they are making Puppet the number one provider in data center automation. This position and the huge potential of this market attracted Kleiner Perkins Caufield & Byyer in supporting the round B funding.

KPCB is best known for its iFund who recently reached $200 million, venture capital raised mainly to support application development for Apple family, iPod, iPad or iPhone. Among the companies founded by KPCB through iFund is Zynga allowing the good farmers from Farmville to control their crops also on iPhone.

KPCB is very well involved also in green technology through its project Greentech. One of the KPCB Partners is Al Gore, the most famous environmentalist. Through Greentech, KPCB funded companies like Bloom Energy or Great Point Energy. Recently they participated in a $63 million funding in Emphase Banks along with PCG Asset Management and other investors.

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