Intelligent orchestration software provider SaltStack secured $15.5 million in Series A funding led by venture capital firm Mercato Partners. This brings the company’s total funding to $28 million, building from past investments from Peak Capital, Epic Ventures, and Deep Fork Capital.
SaltStack plans to use the funds for hiring to increase its product and engineering output and extend its sales and marketing organizations. This investment will also help to bolster is security patching and updates, as well as provisioning.
SaltStack is based out of Lehi, Utah. It was founded in 2012 to support the Salt open source project, which was created by Thomas Hatch, one of SaltStack’s co-founders and the principal architect of the project. Marc Chenn — who previously worked at Compliance11, Morgan Stanley, and Altiris (now part of Symantec) — is the startup’s CEO and co-founder.
The Salt open source project builds solutions that automate the management of data center infrastructure and application environments.
SaltStack’s enterprise IT management platform launched in 2017 and provides proprietary extensions to the Salt open source software. The platform is built to scale and replicate human intelligence in automation infrastructures. It assists DevOps and IT teams with configuration management, remote execution, cloud control, security, compliance, and orchestration of hybrid cloud, network, Internet of Things (IoT), and application environments.
One of its primary functions is to assist enterprises migrating from private to public clouds to automatically manage cloud resources.
Mercato Partners Director Ryan Sanders will also join the SaltStack board of directors.