Total amount raised
$98.5 Millions
Latest funding date
10/1/2023
Location
Pulumi has successfully raised significant funding over multiple rounds, with its latest being a Series C. The company is backed by prominent investors, including New Enterprise Associates and Tola Capital.
Keep reading to explore the intricacies of Pulumi's fundraising journey and the investors backing this innovative platform.
What Is Pulumi?
Pulumi, founded in 2017 by Eric Rudder and Joe Duffy, is headquartered in Seattle, Washington. The company specializes in providing infrastructure as code (IaC) solutions, enabling teams to automate, secure, and manage cloud infrastructure using familiar programming languages.
With a workforce of 101-250 employees, Pulumi offers a platform that supports multiple programming languages, including Node.js, Python, Go, .NET, Java, and YAML. Their tools facilitate the definition, deployment, and management of cloud services, promoting collaboration and efficiency.
Pulumi's offerings include Pulumi IaC, Pulumi ESC for secrets management, and Pulumi Insights for asset management and compliance. The company is trusted by over 3,000 innovative companies, reflecting its significant impact in the cloud engineering space.
How Much Funding Has Pulumi Raised?
- Seed Round
- Amount Raised: $5M
- Date: June 2018
- Lead Investors: Madrona
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of Pulumi's platform and establish a market presence.
- Series A
- Amount Raised: $15M
- Date: October 2018
- Lead Investors: Madrona
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $37.5M
- Date: October 2020
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $41M
- Date: October 2023
- Lead Investors: Madrona
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To make cloud infrastructure more accessible, innovate on the platform, and integrate generative AI.
Total Amount Raised: $98.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Madrona Venture Group
- Details: Madrona Venture Group is a venture capital firm based in Seattle, Washington. They focus on early-stage technology companies, particularly in the Pacific Northwest.
- Investment Focus Areas: Cloud infrastructure, machine learning, enterprise software.
- Notable Investments: Amazon, Smartsheet, Snowflake.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. They have a broad investment portfolio and are known for backing high-growth startups.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Coursera, Robinhood, Salesforce.
- Tola Capital
- Details: Tola Capital is a venture capital firm specializing in enterprise software investments. They focus on data-driven technology companies.
- Investment Focus Areas: Enterprise software, data analytics, cloud computing.
- Notable Investments: DataRobot, InfluxData, Matillion.
- Strike Capital
- Details: Strike Capital is a venture capital firm based in San Francisco. They focus on early-stage technology companies with strong customer engagement and innovative products.
- Investment Focus Areas: Technology, software, customer loyalty.
- Notable Investments: Specific notable investments are not mentioned.
What's Next for Pulumi?
Pulumi stands at the cusp of significant growth opportunities, driven by the increasing complexity of cloud infrastructure and the rising demand for automation and security. With over 2,000 customers and 150,000 users, including more than half of the Fortune 50 companies, the potential for expansion is vast. The integration of generative AI and the development of new features like Pulumi Insights position the company to lead in the infrastructure as code market, projected to reach $2.3 billion by 2027.
Future fundraising opportunities seem promising, given Pulumi's rapid revenue growth and successful Series C round. Additional funding could further accelerate innovation and market penetration. However, challenges such as managing the complexity of cloud infrastructure, staying competitive, and ensuring robust security measures remain. Pulumi's ability to navigate these hurdles will be crucial as it continues to scale and innovate in the evolving cloud landscape.
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