Corporate venturing units Citi Ventures and Hewlett Packard Ventures were among the investors in a $40m series E round completed by US-based software development technology provider Chef yesterday.
The units, representing financial services firm Citi and computer manufacturer Hewlett-Packard, were joined by DFJ Growth, which led the round, Millennium Technology Value Partners, Battery Ventures, Draper Fisher Jurvetson, Ignition Partners and ScaleVP.
The $32m first tranche of the series E round closed in April this year.
Founded in 2008 as Opscode, Chef has created an automation platform for DevOps, a method of software development where developers actively collaborate with other IT professionals.
The funding comes after the introduction of Chef Delivery, an extension to the Chef platform that provides continuous full-stack delivery of infrastructure, runtime and applications. The company will invest the capital in global expansion and product development.
Chef has now raised $105m in total, $32m of which came in a 2013 series D round featuring Citi Ventures, Battery Ventures, Scale Venture Partners, DFJ, Ignition Partners and Amplify Partners.
Barry Crist, Chef’s chief executive, said: “This is an inflection point for Chef as a company. Our innovation is becoming the primary bridge between traditional IT and New IT in the enterprise.
“Today we enter a new era as the automation control plane for digital-first organisations everywhere, and this new capital will help us take DevOps mainstream.”