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Puppet Labs raised $5 million in a Series B venture round led by Kleiner Perkins Caufield & Byers on July 19, 2010. True Ventures and Radar Partners also participated. Puppet Labs said the financing brought its total funding to more than $7 million and would help it expand its engineering team.
How much did Puppet Labs raise from Kleiner Perkins?
The 2010 Series B was a $5 million round led by Kleiner Perkins Caufield & Byers. The announcement identified True Ventures and Radar Partners as participating investors. Puppet Labs reported that the new financing put its total funding above $7 million. Puppet Labs’ July 19, 2010 announcement is the primary source for those figures.
When did Kleiner Perkins invest, and what was the money for?
The company announced the investment on July 19, 2010. Puppet Labs said it would use the proceeds to build out its engineering team as it addressed demand for more consistent management of growing data centers and distributed or cloud infrastructure.
At the time, Puppet Labs described Puppet as an open-source configuration-management and data-center automation framework. It was intended to replace repeated, manually written configuration scripts with reusable automation. Puppet 2.6, which the company described as a major upgrade focused on enterprise environments, was announced on the same day.
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How the 2010 round fits into Puppet Labs’ later funding
The $5 million Series B is distinct from the larger financing rounds Puppet Labs announced later. The amounts below refer to different dates and should not be added together as if they were separate statements of one current total.
| Date | Reported financing | Investor details and cumulative amount |
|---|---|---|
| July 19, 2010 | $5 million Series B | Led by Kleiner Perkins Caufield & Byers, with True Ventures and Radar Partners participating. Puppet Labs said total funding exceeded $7 million. Company announcement |
| January 23, 2013 | $30 million investment from VMware | TechCrunch reported total funding of $46 million and listed Kleiner Perkins among Puppet Labs’ other investors. TechCrunch report |
| June 19, 2014 | $40 million round | Puppet Labs said existing investors, including Kleiner Perkins, participated; the company reported $86 million in cumulative venture investment since June 2009. Company announcement |
What the announcement does—and does not—establish
The financing announcement documents the round’s size, named investors, the company’s stated use of proceeds, and how Puppet Labs characterized its software. Comments in the release from Kleiner Perkins and Radar Partners praising the company’s opportunity were investor views, not independent evidence of market position or customer results.
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