# Puppet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/puppet

- Industry: Software
- Headquarters: Minneapolis, US
- Website: www.puppet.com
- Total disclosed funding: $98M
- Latest round: Series F (Jun 27, 2018)
- Investors on record: 9

## About

Puppet, Inc. is a US-based provider of infrastructure automation solutions that enhance IT operations and security, enabling organizations to operate efficiently across cloud and on-premises environments.Founded in 2005 and headquartered in Minneapolis, US, Puppet, Inc. specializes in automation solutions for IT infrastructure. The company was acquired by Perforce Software, Inc. in April 2022, allowing it to enhance its service offerings and innovation capabilities. The founder, Luke Kanies, has a history of leveraging automation to improve IT workflows. Puppets' latest funding round was Series F in April 2022, where it raised USD 42.00 mn led by Cisco Investments, contributing to a total amount of USD 42.00 mn raised across 10 deals.Puppet primarily offers a sophisticated infrastructure automation platform designed to streamline IT operations, enhance security, and accelerate innovation across various environments—including cloud, on-premises, and hybrid settings. The core products include Puppet Enterprise, which provides advanced automation capabilities for DevOps teams, and Puppet Core, a robust tool for configuration management intended for experienced automation teams. These products enable users to automate the entire lifecycle of IT infrastructure from configuration to ongoing management. Notable features include policy-driven enforcement of security measures, event-driven automation, and powerful reporting capabilities, which help organizations manage thousands of nodes efficiently while ensuring compliance with security standards. Puppet serves a diverse client base, including over 40,000 organizations worldwide, spanning various industries such as finance, healthcare, and technology. Their products are marketed globally, with significant penetration in North America, Europe, and Asia-Pacific markets.Puppet generates revenue primarily through subscription-based models for its products, including Puppet Enterprise and Puppet Core. Clients typically engage with the firm via annual subscriptions, which provide access to the software, updates, and customer support. The pricing structure is designed to cater to different levels of organizational needs, allowing for tailored solutions based on the specific requirements of each client. Revenue is further enhanced through professional services and training offerings that assist organizations in optimizing their use of Puppet solutions. This structured approach to revenue generation ensures a consistent and predictable financial model while fostering long-term client relationships.In April 2022, Puppet, Inc. was acquired by Perforce Software, Inc., which will enable it to better tailor its services to customers' needs and accelerate innovation efforts. This acquisition is aimed at enhancing its ability to deliver, operate, and automate infrastructures at scale across various environments, including data centers and cloud solutions. Puppet, Inc. plans to leverage the recent funding from its Series F round to expand its product offerings and enhance infrastructure automation capabilities, though specific new products or geographic market expansions have not been publicly detailed.

## Funding rounds

- Series F, Jun 27, 2018, $42M — Kleiner Perkins, True Ventures, SG Growth Capital, VMware, Inc., Cisco Investments
- Series E, Jun 19, 2014, $40M — Kleiner Perkins, Triangle Venture Capital Group, Cisco Systems, True Ventures, GV, VMware, Inc.
- Series C, Nov 29, 2011, $2M — Kleiner Perkins, Radar Partners, Cisco Systems, True Ventures, GV, VMware, Inc.
- Series C, Sep 19, 2011, $6.5M — Kleiner Perkins, True Ventures
- Series B, Jul 19, 2010, $5M — Kleiner Perkins, Radar Partners, True Ventures
- Series A, Jun 23, 2009, $2M — Radar Partners, True Ventures

## Investors

- Radar Partners (https://capitalatlas.ai/funds/radar-partners) — Series A, Series B, Series C
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B, Series C, Series E, Series F
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B, Series C, Series E, Series F
- Cisco Systems — Series C, Series E
- GV (https://capitalatlas.ai/funds/gv) — Series C, Series E
- VMware, Inc. — Series C, Series E, Series F
- Triangle Venture Capital Group (https://capitalatlas.ai/funds/triangle-venture-capital-group) — Series E
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series F
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series F