HashiCorp, Inc.
TypePublic
IndustryIT infrastructure
Founded2012
Founders
  • Mitchell Hashimoto
  • Armon Dadgar
Headquarters
San Francisco, California
,
United States
Area served
Global
Key people
David McJannet (CEO)
Revenue$475.9 million[1]: 23  (2023)
$274 million[1]: 40  (2023)
Number of employees
2,400+[2] (2023)
Websitehashicorp.com/

HashiCorp is a software company[3] with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure.[4] It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar.[5][6]

HashiCorp is headquartered in San Francisco, but their employees are distributed across the United States, Canada, Australia, India, and Europe. HashiCorp offers source-available libraries and other proprietary products.[7][8]

History

Founders Mitchell Hashimoto and Armon Dadgar

HashiCorp was founded in 2012 by two classmates from the University of Washington, Mitchell Hashimoto and Armon Dadgar.[9] Cofounder Hashimoto was previously working on open-source software called Vagrant, which became incorporated into HashiCorp.[10] The cofounders also developed several other open-source projects besides HashiCorp.[11] By 2018, HashiCorp's open-source software tools had been downloaded 45 million times.[12]

HashiCorp raised $349.2 million in venture capital investments over five funding rounds.[13] This included a $100 million investment in 2018 that valued the business at $1.9 billion,[14] and a $175 million 2020 investment in its fifth funding round valuing HashiCorp at $5.1 billion.[13][15] According to the company, it was growing quickly, doubling its sales each year for four years.[15] It grew 75% in 2021 compared to the prior year.[16]

On 29 November 2021, HashiCorp set terms for its IPO at 15.3 million shares at $68-$72 at a valuation of $13 billion.[17] It offered 15.3 million shares.[13] By this time, the company had 2,392 customers, but was not yet profitable.[16][18] HashiCorp considers its workers to be remote workers first rather than coming into an office on a full-time basis.[19]

Products

HashiCorp provides a suite of tools intended to support the development and deployment of large-scale service-oriented software installations. Each tool is aimed at specific stages in the life cycle of a software application, with a focus on automation. Many have a plugin-oriented architecture in order to provide integration with third-party technologies and services.[20] Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.[21]

The main product line consists of the following tools:[4][20]

Security issue

Around April 2021, a supply chain attack using code auditing tool codecov allowed hackers limited access to HashiCorp's customers networks.[34] As a result, private credentials were leaked. HashiCorp revoked a private signing key and asked its customers to use a new rotated key.

References

  1. 1 2 "2023 Proxy Statement & Annual Report". HashiCorp. May 17, 2023.
  2. ↑ "Annual 10k". HashiCorp. 2023.
  3. ↑ Warren, Justin (23 February 2017). "Jay Fry Leaves New Relic To Head HashiCorp Marketing". Forbes.
  4. 1 2 Lardinois, Frederic (7 September 2016). "HashiCorp raises $24M for its DevOps infrastructure software". TechCrunch.
  5. ↑ Williams, Alex (28 November 2012). "Vagrant Founder Launches HashiCorp To Support His Open Developer Management Tool". TechCrunch. AOL.
  6. ↑ Handy, Alex (21 November 2016). "The future of HashiCorp". SD Times.
  7. ↑ Fay, Joe (8 September 2016). "HashiCorp pulls in $24m to build out DevOps infrastructure portfolio". The Register.
  8. ↑ Dadgar, Armon. "HashiCorp adopts Business Source License". HashiCorp. Retrieved August 10, 2023.
  9. ↑ Wang, Echo (December 8, 2021). "Software maker HashiCorp raises $1.2 billion in U.S. IPO - source". Reuters. Retrieved May 23, 2023.
  10. ↑ Braunton, A. (2018). Hands-On DevOps with Vagrant: Implement end-to-end DevOps and infrastructure management using Vagrant. Packt Publishing. p. 8. ISBN 978-1-78913-678-4. Retrieved May 23, 2023.
  11. ↑ Marvin, Rob (February 26, 2015). "Mitchell Hashimoto is automating the world". SD Times. Retrieved May 23, 2023.
  12. ↑ Miller, Ron (November 1, 2018). "HashiCorp scores $100M investment on $1.9 billion valuation". TechCrunch. Retrieved May 23, 2023.
  13. 1 2 3 Donovan, Kevin (November 30, 2021). "HashiCorp (HCP) launches IPO at $68-$72 to raise $1.10bn". Capital.com. Retrieved May 23, 2023.
  14. ↑ Schlosser, Kurt (May 1, 2019). "Young founder of cloud unicorn HashiCorp giving back to Univ. of Washington with millions in scholarship aid". GeekWire. Retrieved May 23, 2023.
  15. 1 2 Crichton, Danny (March 17, 2020). "HashiCorp soars above $5B valuation in new $175M venture round". Yahoo Finance. Retrieved May 23, 2023.
  16. 1 2 "HashiCorp IPO Could Value Startup at $13B". CFO. November 30, 2021. Retrieved May 23, 2023.
  17. ↑ Beltran, Luisa. "Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO". Barrons. Barrons. Retrieved 30 November 2021.
  18. ↑ Beltran, Luisa (November 30, 2021). "Software Provider HashiCorp Aims for $13 Billion IPO Valuation". Barron's. Retrieved May 23, 2023.
  19. ↑ Novet, Jordan (2021-12-09). "HashiCorp shares rise after one of top software IPOs of 2021 values company at over $14 billion". CNBC. Retrieved 2021-12-21.
  20. 1 2 3 Ward, Chris (20 June 2017). "HashiCorp Tools Useful for Continuous Integration". Codeship Blog.
  21. 1 2 "HashiCorp Announces the General Availability of Vault Enterprise for DevOps Security Across Dynamic Infrastructure". 7 September 2016.
  22. ↑ "Release v0.1.0 · hashicorp/Vagrant". GitHub.
  23. ↑ "Release v0.1.0 · hashicorp/Packer". GitHub.
  24. ↑ "HashiCorp Packer 1.0".
  25. ↑ "HashiCorp Consul".
  26. ↑ "Vault/CHANGELOG.md at master · hashicorp/Vault". GitHub. April 2022.
  27. ↑ "HashiCorp Nomad".
  28. ↑ "Home". serf.io.
  29. ↑ "Announcing Sentinel, HashiCorp's Policy as Code Framework".
  30. ↑ "HashiCorp Sentinel - wikieduonline".
  31. ↑ "HashiCorp Sentinel framework".
  32. ↑ "Announcing HashiCorp Boundary".
  33. ↑ "Announcing HashiCorp Waypoint".
  34. ↑ "HashiCorp revoked private key exposed in Codecov security breach". VentureBeat. 2021-04-26. Retrieved 2021-08-03.
Wikimedia Commons has media related to HashiCorp.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.