Pulumi Raises $41M in Series C Funding to Expand Infrastructure as Code Market

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Pulumi, a leading open-source Infrastructure as Code platform, secured $41 million in Series C funding, increasing its total funding to $99 million. Madrona led the funding round, with participation from entities including NEA and Strike Capital. The funds will advance Pulumi’s mission to simplify cloud infrastructure through generative AI and enhanced platform innovation.
The company experienced significant growth, doubling its revenue in the past year, boasting over 2,000 customers, and 150,000 platform users. Renowned enterprises like Moderna and the LEGO Group have recently integrated Pulumi into their operations, and more than half of the Fortune 50 rely on Pulumi for cloud management.
Pulumi has introduced new features such as Pulumi Insights for cloud infrastructure analytics and Pulumi AI for natural language-driven infrastructure code generation. The company also welcomes Bob Laskey as the new Chief Customer Officer to enhance customer experiences and expand partnerships.

PRESS RELEASE — SEATTLE/ October 3, 2023— (BUSINESS WIRE) — Pulumi, the leading open source Infrastructure as Code platform, today announced $41 million in Series C funding led by Madrona with participation from NEA, Tola Capital, and Strike Capital. This round brings Pulumi’s total funding to $99 million. Pulumi will use the investment to make cloud infrastructure easily accessible to everyone — innovating on its open-source platform, advancing infrastructure security and bringing the power of generative AI to cloud engineers and developers.

“Pulumi is critical to global enterprises now that it is the leading open source Infrastructure as Code provider,” said S. Somasegar, Managing Director of Madrona and Pulumi board member. “With the size and complexity of cloud infrastructure rapidly increasing as enterprises continue their digital transformation journey, the scale, power, and ease of use that Pulumi provides is more valuable than ever.”

The new funding builds on a strong period of innovation and growth for Pulumi, which doubled revenue over the past year and now counts over 2,000 customers and 150,000 users on its platform. New enterprise deployments in the last year include Univision, Moderna, Pinecone, the LEGO Group, and many others, all of whom are using Pulumi to accelerate their own innovation. More than half of the Fortune 50 now use Pulumi to help tame cloud complexity.

“We run due diligence calls every day, and we were awestruck by how much customers love the product,” said John Lagomarsino, General Partner at Strike Capital. “Pulumi has created incredible fans and a loyal following among cloud engineers and developers.”

Pulumi recently announced Pulumi Insights, which provides analytics and search across cloud infrastructure, and Pulumi AI, which allows developers to generate infrastructure as code using natural language. The company has also seen mounting industry accolades this year, having been named among the top 5% of the Inc. 5000 Fastest Growing Companies in America and listed among Redpoint Ventures’ InfraRed 100 transformative companies in cloud infrastructure.

Pulumi also announced the appointment of Bob Laskey as Chief Customer Officer (CCO). Laskey brings more than 25 years of cloud software leadership experience to Pulumi, having led highly successful revenue teams at Cloudflare and Microsoft. As CCO, Laskey will focus on improving the experience of Pulumi’s growing customer base, and developing its partner ecosystem and professional services.

“This funding will accelerate our growth and enable us to solve even more of our customers’ toughest cloud challenges,” said Pulumi co-founder and CEO Joe Duffy. “The modern cloud changes everything and, as the leading open source Infrastructure as Code provider, we look forward to continuing to work closely with our community to reimagine how the world programs the cloud.”

About Pulumi

Pulumi lets engineers deliver Infrastructure as Code faster, using any programming language. The Pulumi Platform enables customers to manage 10x more resources at lower cost than traditional tools, while Pulumi Insights unlocks analytics and search across cloud infrastructure, and enables novel AI-driven infrastructure automation. For more information, visit www.pulumi.com.