Puppet was founded in 2009 by Luke Kanies and Teyo Tyree. In 2020, CTO Abby Kearns said "A path to an IPO is an inevitable outcome for us." The company was acquired by Perforce in 2022. As of March 2023, Puppet remains private.
Puppet is a DevOps company that uses the open-source Kubernetes system. The company has raised more than $190 million in venture capital funding from investors including Black Rock, Cisco, Kleiner Perkins, True Ventures, EDBI, and VMware. The terms of the Perforce acquisition were not made public.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/19/2014 | Series E | $59.98MM | $xx.xx | $75.02B | Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Peak Partners, True Ventures, Vmware | |
Price per Share
$xx.xx
Shares Outstanding
4,900,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Peak Partners, True Ventures, Vmware
|
||||||
01/22/2013 | Series D | $32.5MM | $xx.xx | $25.31B | Vmware | |
Price per Share
$xx.xx
Shares Outstanding
5,060,422
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Vmware
|
||||||
11/29/2011 | Series C | $8.45MM | $xx.xx | $6.53B | Cisco, Google Ventures, Radar Partners, True Ventures, Vmware Join Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
5,828,577
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cisco, Google Ventures, Radar Partners, True Ventures, Vmware Join Kleiner Perkins
|
||||||
07/19/2010 | Series B | $5.09MM | $xx.xx | $3.91B | Kleiner Perkins Caufield & Byers, Radar Partners, True Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,720,058
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kleiner Perkins Caufield & Byers, Radar Partners, True Ventures
|
||||||
06/22/2009 | Series A | $2.21MM | $xx.xx | $803.37MM | Radar Partners, True Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,370,524
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Radar Partners, True Ventures
|