Reductive Labs Obtains $2,000,000 Series A Financing
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=09422e71-94e1-4431-8044-d0e5d008be17&Preview=1 -
Date
6/23/2009 -
Company Name
Reductive Labs -
Mailing Address
Undisclosed Portland, OR 97201 -
Company Description
Reductive Labs provides next-gen IT automation, enabling IT organizations to manage infrastructure as code so they can provide higher service levels with less staff. Reductive Lab’s flagship offering, Puppet, significantly improves the automation and management of IT operations for large scale, fast growing, transaction-driven businesses, which are facing unprecedented cost pressures, reduced headcount, and increased support demands. Puppet’s knowledge-based approach creates an audit trail that delivers a new level of transparency so that IT teams can implement change more consistently, accurately and rapidly over the lifecycle of the systems. -
Website
http://www.reductivelabs.com -
Transaction Type
Venture Equity -
Transaction Amount
$2,000,000 -
Transaction Round
Series A -
Proceeds Purposes
Reductive Labs will use the capital infusion to expand the company and further enhance its flagship offering – Puppet. -
M&A Terms
-
Venture Investor
True Ventures -
Venture Investor
Undisclosed
