Wednesday, January 20, 2016

Puppet Labs Pulls In $22M In Funding

Portland-based Puppet Labs, the developer of IT automation software led by Luke Kanies, said today that it has raised $22M in a venture debt round. The credit facility came from Silicon Valley Bank. According to Puppet Labs, the funding will goes towards "aggressive growth", plus an expansion of its corporate headquarters by 37,500 square feet. Puppet Labs also said it has added Lou Lavigne, former CFO of Genentech, to its board.