EDBI joins US$42m funding for US-based software

The funding will be used for the company's expansion into Asia Pacific and Japan.

EDBI joined the $57.54m (US$42m) Cisco-led funding for automation software company Puppet. It poured investments for the Oregon-based firm together with Kleiner Perkins, True Ventures, and VMware, an announcement revealed.

“In today’s digital age, companies face increasing complex IT challenges dealing with their dynamic and diverse IT infrastructure,” EDBI president and CEO Swee-Yeok Chu said.

The newly opened regional headquarters in Singapore is part of Puppet’s expansion plans in Asia Pacific and Japan. The firm has supplied five new products and finished 2 company acquisitions in order to supply automation in infrastructure, applications, cloud, containers, and networking devices.

“Leveraging our network, we look forward to helping Puppet scale up its local talent pool to address the region’s opportunities through its APAC Regional HQ in Singapore and to augment Singapore’s digital transformation strategy.” Chu added.

In 2017, Puppet opened five new offices in Seattle, Singapore, Sydney, Timisoara and Tokyo to address the increasing demand for development operations and automation.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia