Bengaluru: Seattle-based, IT automation software company Chef raises $40 million in a Series E round of funding led by DFJ Growth along with Millennium Technology Value Partners. The round also witnessed participation from its existing investors, who include Battery Ventures, Citi Ventures, DFJ, Ignition Partners and ScaleVP. Hewlett Packard Ventures also joined the round with a strategic investment. The funds will be utilized to expand its operation globally and accelerating product development amidst surging customer demands.
The company had previously raised $2.5 million in a Series A round led by Draper Fisher Jurvetson (DFJ), $11 million in a Series B round led by Battery Ventures, $19.5 million in its Series C round led by Ignition Partners, $32 million in a Series D round led by Scale Venture Partners. The company had also raised its Series E round of $32 million from Battery Ventures on April (2015).
Founded in 2008 by Jesse Robbins – an American entrepreneur and author, the strongest technology platform, Chef authorizes customers to construct and drive high velocity organizations and to assemble a strong open source foundation. It also enables enterprises worldwide to deliver software and automate the continuous & unified delivery of applications and infrastructure. Recognized as the standard automation platform for the DevOps enterprise, Chef Software is working with giant companies like Facebook, Bloomberg, Nordstrom, Gap, IBM, Yahoo and many more.
Speaking about the company, Barry Crist, CEO, Chef, says, “This is an inflection point for Chef as a company. Our innovation is becoming the primary bridge between traditional IT and New IT in the enterprise. Today, we enter a new era as the automation control plane for digital-first organizations everywhere, and this new capital will help us take DevOps mainstream”.
Sam Fort, Principal, DFJ Growth, adds, “We are long term advocates of Chef since DFJ first funded the company’s Series A round in 2009. Chef is at the center of a fundamental shift in IT as enterprises race to change how they build and deploy software to become high velocity organizations. Chef has become the leading platform for enabling this transition, and we are thrilled to lead this investment to help accelerate Chef’s growth in the market”.