Chef Closed $40 Million in New Funding

Date 2015/9/15 8:32:29 | Topic: Company News

Chef has announced that it has closed a $40 million Series E funding round. The round was led by DFJ Growth and included Millennium Technology Value Partners, as well as all existing investors: Battery Ventures, Citi Ventures, DFJ, Ignition Partners, and ScaleVP. Hewlett Packard Ventures also joined the round with a strategic investment. This new round will allow Chef to extend its leadership in the DevOps market by expanding Chef's operations globally and accelerating product development amidst surging customer demand.
Chef's business is growing exponentially with annual recurring revenue growth accelerating as the company scales. More than half of the Fortune 50 use Chef and 80 percent of Chef's revenue comes from enterprise businesses.

Chef is a pioneer in DevOps, the cultural and professional movement underpinning the digital transformation of every enterprise today. Chef is recognized as the standard automation platform for the DevOps workflow, with companies including Facebook, GE, Target, Bloomberg, Nordstrom, Gap, IBM, Yahoo, and Intuit, among more than 750 customers using Chef to accelerate software delivery and reduce operational risk. AWS, HP, and Microsoft, which today made Chef available on its Azure Marketplace (see separate release), have all joined Chef's go-to-market efforts, solidifying Chef as the premier automation platform for DevOps.

This latest funding round comes after the recent introduction of Chef Delivery, an extension of the Chef platform that enables full-stack continuous delivery of infrastructure, runtime environments -- including containers -- and applications. With Chef Delivery, the company has captured DevOps success patterns of its most innovative customers and distilled them into a product that brings advanced software development practices to all developers and system administrators who manage changes in enterprise IT environments. 



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