Chef, which offers DevOps automation tools, raised $40 million in Series E funding.
The funding 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 cited strong growth in its annual recurring revenue. The company says more than half of the Fortune 50 use its products and 80 percent of Chef’s revenue comes from enterprise businesses.
“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,” said Barry Crist, CEO, Chef. “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.”
Separately, Chef announced availability of its tools in the Microsoft Azure Marketplace. Chef is already available in AWS and via HP.
Chef was founded in 2008 and is based in Seattle.
