Pulumi Raises $37.5M in Series B Funding to Accelerate Industry-wide Shift to Cloud Engineering
New NEA-led investment will be used to realize Pulumi’s mission of empowering all developers and infrastructure experts to collaboratively deliver modern cloud software
SEATTLE -- October 28, 2020 -- Cloud engineering pioneer Pulumi today announced that it has secured $37.5M in Series B funding in a round led by NEA with participation from Madrona Venture Group and Tola Capital. The new funding brings the total raised to date to $57.5M and will be used to accelerate research and development along with expanding sales and marketing as the company continues to develop and lead the cloud engineering market with its flagship infrastructure as code platform. NEA partner Aaron Jacobson will join S. Somasegar, managing director of Madrona Venture Group and Sheila Gulati, managing director of Tola Capital, on Pulumi’s board of directors. Pulumi also announced a number of new executive appointments, deepening its leadership bench to support its rapid growth.
“Pulumi serves a critical need for businesses experiencing rapid transformation in this modern cloud era, accelerating cloud engineering by developers and infrastructure teams and enabling them to work together more closely,” said Jacobson. “We are extremely pleased to have led this round and look forward to partnering closely with Pulumi to further accelerate the growth of the company and the benefits that it brings to cloud engineers worldwide.”
“By pairing a programming interface with a resource model, Pulumi has essentially turned the cloud into an operating system,” said Scott Sandell, managing general partner of NEA. “It’s one of the most significant and ambitious approaches to redefining how the cloud is used that we’ve seen in years, much like operating system revolutions of the past.”
The company achieved 10X growth in adoption in the last 12 months, and surpassed 1M downloads per month. This momentum was driven by the industry-wide shift to cloud engineering, a new way that companies including Snowflake, Mercedes-Benz, Tableau, Sourcegraph, Cockroach Labs, MINDBODY, Lemonade and Credijusto are embracing the modern cloud to accelerate digital transformation. Pulumi’s Cloud Engineering Summit, held October 7-8, drew more than 3,000 registered attendees from 85 countries to interact with industry leaders from companies including AWS, Microsoft, Google, Chef, GitLab, JFrog, NS1, Puppet, Snyk and VMware.
Pulumi today also announced the expansion of its executive team, having appointed longtime software industry veterans Jay Wampold as CMO, Lindsay Marolich as senior director of demand generation, Kevin Kotecki as VP of sales and Lee-Ming Zen as VP of engineering. These new appointments will significantly accelerate hiring and facilitate scaling Pulumi’s ongoing R&D and go-to-market efforts. Wampold brings more than 24 years of marketing and communications experience at top technology companies including AWS, Qumulo and Chef to Pulumi. Marolich brings over a decade of marketing experience to the company, having held leadership roles at companies including Cloudability, Apptio and CommerceIQ. Kotecki brings more than 10 years experience in technology sales to the company, having previously held senior positions at Isilon, Tableau and Igneous Systems. Zen brings 15 years of engineering experience to Pulumi, having held senior positions at AWS, Microsoft and Bluefin Labs.
“Three years ago, we set out on a bold mission to empower developers and infrastructure teams to make the most out of the modern cloud,” said Pulumi Founder and CEO Joe Duffy. “The market transformation and success we’ve seen in that time has blown us away and I’m incredibly proud of the team and product we’ve built. Our community has grown into an amazing, welcoming place that embodies the company culture and, as our growing customer base sees their own successes, Pulumi’s success follows. I’d like to thank Soma and Madrona, and Sheila and Tola, and now Aaron, Scott, Hilarie and the rest of the NEA team, for their belief in our vision and major contributions to our momentum. I can’t wait to see what the Pulumi team, our customers and our community build in the years to come!”
For more information, read today’s Pulumi blog, authored by Joe Duffy, CEO: https://pulumi.com/blog/series-b/.
Pulumi's modern infrastructure as code platform empowers cloud engineering teams to work better together to ship faster with confidence, using open source and the world’s most popular programming languages. Pulumi’s SaaS product enables a consistent workflow for delivering and securing applications and infrastructure on any cloud—public, private, or hybrid—including AWS, Azure, GCP, Kubernetes and more than 50 other cloud infrastructure providers. Organizations of all sizes, from startups to the Global 2000, have chosen Pulumi for their cloud transformation and modernization needs. Pulumi was founded in 2017 by Microsoft, Amazon and Google software veterans. For more information, visit www.pulumi.com.
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