Pulumi Raises $37.5M in Series B Funding to Accelerate Industry-wide Shift to Cloud Engineering
Oct 28, 2020•almost 5 years ago
Amount Raised
$37 Million
Round Type
series b
Description
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
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech