Pulumi Raises $37.5M Series B Funding

Pulumi, a Seattle-based company operating in the “infrastructure-as-code” sector, has revealed the completion of a $37.5 million Series B funding round. This investment was spearheaded by NEA, with participation from existing investors Madrona Venture Group and Tola Capital, bringing the company’s total funding to $57.5 million.

This new capital arrives following the release of Pulumi 2.0, which moved the company closer to its goal of establishing itself as a “cloud engineering platform.” The past year has also seen significant growth for Pulumi, with a tenfold increase in platform adoption over the last twelve months.

“We initially focused on infrastructure as code, as we believed it provided a fundamental base with a programming model, alongside a cloud resource model,” explained Pulumi co-founder and CEO Joe Duffy. “This was a crucial starting point. With [Pulumi] 2.0, we introduced support for testing and policy as code—allowing organizations to implement governance and compliance within their infrastructure management—and facilitated greater collaboration among teams.”

Pulumi, which began by concentrating on infrastructure teams, is now aiming to broaden its reach across various departments.

“The infrastructure team is evolving into a central hub that unites the entire team. We refer to this as cloud engineering,” Duffy clarified. “Cloud engineering involves developers utilizing cloud services directly, with infrastructure teams assisting them, and increasingly incorporating security engineers to ensure governance is integrated. The 2.0 release marked our first exploration of these related areas and a step towards achieving Pulumi’s complete vision.”

While infrastructure as code is not a novel concept, Pulumi differentiates itself by being unencumbered by older technologies, having been designed from the outset as a cloud-native product. This aspect was also highlighted by Aaron Jacobson of NEA, who will be joining the company’s board.

“Considering the rapid evolution of cloud technology over the past decade, Pulumi is built for a multi-cloud environment, Kubernetes, and serverless computing,” Jacobson stated. “Many of the original infrastructure-as-code tools didn’t account for these advancements. Because Pulumi is newer to the market and was developed after these technologies emerged, it offers superior integration and a more streamlined experience for developers.”

Scott Sandell of NEA further elaborated on this point. “Venture capitalists excel at identifying patterns,” he said. “The pattern I observed dates back to my time as a product manager within the Windows group. I realized that developers prefer solutions that manage complexity for them—they don’t want to deal with it directly.” He contends that Pulumi delivers this for developers, which contributed to the decision by Duffy and his co-founder, Pulumi executive chairman Eric Rudder, to leave established positions at Microsoft to create this company.

Alongside the new funding, Pulumi announced the addition of several new executives, including Jay Wampold as CMO, Lindsay Marolich as senior director of demand generation, Kevin Kotecki as VP of sales, and Lee-Ming Zen as VP of engineering.