To date, Chef has received funding totaling at least $97 million, starting with a $2.5 million series A in 2009. Investors include Draper Fisher Jurvetson, Citi Ventures, and Battery Ventures.
Like any company experiencing traction, Chef has had its growing pains. One example, is the challenge of continuing to scale while keeping a growing base of customers happy. Another is to maintain its position in an increasingly competitive market. Competitors in the IT automation sector include Puppet Labs, SaltStack, Ansible and CFEngine.
"The pace of change in technology in this sector is unprecedented," says Wampold, "We want to make sure we are at the front and center of innovation changes, and that's a big investment to make."
Editor's note: Traction Watch is a new column focused obsessively on growth, and is a companion to the DEMO Traction conference series, which brings together high-growth startups with high-potential customers. The next DEMO Traction will take place in Boston on September 16, 2015. Growth companies can apply to present, or those similarly obsessed can register here to attend.
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