# HashiCorp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hashicorp

- Industry: IT Infrastructure
- Headquarters: San Francisco, US
- Website: www.hashicorp.com/
- Total disclosed funding: $306M
- Latest round: Series E (Mar 6, 2020)
- Investors on record: 9

## About

Based in California, US, and founded in 2012 by Mitchell Hashimoto and Armon Dadga, HashiCorp, Inc. provides commercial products and open-source tools that help security professionals, operators, and developers run distributed application infrastructure securely. In April 2024, IBM Corporation agreed to acquire HashiCorp, Inc. from Granite Asia and Redpoint Ventures for USD 6.4 billion. The transaction is expected to close by the end of 2024. As of 2024, the company is led by its CEO, David McJannet.

HashiCorp, Inc. offers its products in four segments, which are infrastructure, networking, security, and applications. Under the infrastructure segment, the company offers Terraform and Packer. Terraform helps enterprises enhance productivity, increase business velocity, and reduce risk by integrating the cloud into their IT environments. The networking segment of the company offers consul, which automates networking tasks across the data center. Under the security segment, the company provides vaults and boundaries. Vault helps enterprises minimize data exposure and breaches with encryption as a service and identity-based security automation. The application product segment of the company offers Nomad, Waypoint, and Vagrant. In addition, the company’s solutions comprise the cloud operating model, infrastructure provisioning, network infrastructure automation, and zero-trust security.

The company generates revenue from the subscription of its product packages, which include Cloud for Terraform (beginning at USD 0.00014 per hour), Cloud for Vault (starting at USD 1.58 per hour), Cloud for Consul (starting at USD 0.027 per hour), and customized pricing for Nomads.

## Funding rounds

- Series E, Mar 6, 2020, $131M — Institutional Venture Partners, Mayfield Fund, Redpoint Ventures, T Rowe Price, Granite Asia, True Ventures, Franklin Templeton, Geodesic Capital
- Series D, Oct 17, 2018, $100M — Institutional Venture Partners, Mayfield Fund, Redpoint Ventures, Granite Asia, True Ventures, Bessemer Venture Partners
- Series C, Oct 11, 2017, $40M — Mayfield Fund, Redpoint Ventures, Granite Asia, True Ventures
- Series B, Sep 19, 2016, $24M — Mayfield Fund, Redpoint Ventures, Granite Asia, True Ventures
- Series A, Sep 18, 2014, $10M — Mayfield Fund, Granite Asia, True Ventures
- Seed, May 30, 2013, $0.5M — True Ventures

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C, Series D, Series E
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A, Series B, Series C, Series D, Series E
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series B, Series C, Series D, Series E
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B, Series C, Series D, Series E
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series D, Series E
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series D
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series E
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series E
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series E