Puppet Labs lands $30M

| Print |  Email
Must Reads
Wednesday, January 23, 2013

Portland-based software company Puppet Labs raised $30 million from Silicon Valley's VMware.

Just two or three years ago, cloud was more hype than technology, but now that’s no longer the case, said Luke Kanies, Puppet Labs’ founder and chief executive.

Now it’s seeing real adoption of cloud and virtualization, but in widely varying degrees at different companies. “It’s a bit more chaos than we expected,” Mr. Kanies said. While that brings challenges, Puppet Labs has benefited so far.

It didn’t expect to be able to land its first contract over $1 million until 2014, or later this year at the earliest, but now it’s already closed several deals that size, he said. “We’ve got an opportunity to be the next big, public IT management vendor for the next 10, 15 years.”

Read more at The Wall Street Journal.

{biztweet}puppet labs{/biztweet}

 

More Articles

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

The city as startup

Guest Blog
Wednesday, January 14, 2015
011415 citystartup-thumbBY NISHANT BHAJARIA | OP-ED CONTRIBUTOR

Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.


Read more...

4 married couples who work together

The Latest
Thursday, January 22, 2015
IMG 0020BY JACOB PALMER | OB DIGITAL NEWS EDITOR

They say maintaining a healthy marriage takes work. So does running a business with your spouse.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS