Puppet Labs Secures $22M Credit Facility from Silicon Valley Bank

puppet_labsPuppet Labs, a Portland, OR-based provider of IT automation software, secured a $22m credit facility from Silicon Valley Bank.

The company intends to use the funds for continued growth and market expansion.

In addition to the financing, Lou Lavigne, former Genentech Chief Financial Officer, joined Puppet Labs’ board of directors and audit committee chair,

Led by Luke Kanies, founder and CEO, Puppet Labs provides system administrators with a software platform to to configure and manage dynamic infrastructure, scaling from tens of servers to thousands, both on premise and in the cloud.
Users include Bank of America, Cisco, NYSE, Salesforce.com and WebEx.

The company, which employs 400 people, is backed by Kleiner Perkins Caufield & Byers, Google Ventures, VMware, Cisco, True Ventures and Radar Partners.



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