Automation is, in an age where speed and agility are seen as the most important factors for a business, a key driver of growth. One of the best-known vendors in the IT automation space, Chef, is today announcing 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. Perhaps most interestingly, Hewlett Packard Ventures also joined the round with a strategic investment. While one could spend an age talking about HP’s tortured and torturous history in the cloud (the company has launched a cloud platform more times than I can count), this world of IT automation is far closer to its traditional wheelhouse.