Software startup raises $19.5 million
Money's flowing to Seattle-area enterprise software startups. Opscode is announcing Monday that it has raised $19.5 million — more than...
Seattle Times senior technology reporter
Money's flowing to Seattle-area enterprise software startups.
Opscode is announcing Monday that it has raised $19.5 million — more than doubling its funding — to expand its engineering, sales and marketing. The company has raised about $31 million since it was founded in 2008.
The new investment was led by Bellevue's Ignition Partners, which has had several recent hits with startups that develop tools and services for companies building modern-technology infrastructures.
Ignition's John Connors, a former Microsoft chief financial officer, is also joining Opscode's board.
"This is an extremely exciting time for Opscode as it creates and leads the infrastructure-automation market during a period of major IT transformation, driven by the rapid adoption of cloud computing and the 'DevOps' movement," Connors said in the release.
Also contributing were previous investors Battery Ventures and Draper Fisher Jurvetson.
Opscode's funding follows the $50 million that investors put into Apptio, a Bellevue enterprise-systems management company, on March 15. That was the largest funding of a Washington tech startup in years.
Opscode draws on an open-source community to produce software to manage and automate deployment of infrastructure and applications. It doesn't provide sales figures, but says it has hundreds of customers and some 13,000 registered users, more than double the number since 2010.
Opscode has about 50 employees at offices near Pioneer Square and a new engineering office in Raleigh, N.C. Chief Executive Mitch Hill said it should expand to more than 80 by the end of the year.
The company also is preparing to expand to Europe.
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