Company:HashiCorp

From HandWiki
HashiCorp, Inc.
TypeSubsidiary
NASDAQ: HCP (2021–2025)
IndustryIT infrastructure
Founded2012; 14 years ago (2012)
Founders
  • Mitchell Hashimoto
  • Armon Dadgar
Headquarters101 Second Street,
San Francisco, California
,
United States
Area served
Global
Key people
David McJannet (CEO)
RevenueIncrease US$583 million (2024)
Negative increase US$−254 million (2024)
Negative increase US$−191 million (2024)
Total assetsIncrease US$1.69 billion (2024)
Total equityIncrease US$1.21 billion (2024)
Number of employees
c. 2,200 (2024)
ParentIBM (2025–present)
Websitehashicorp.com
Footnotes / references
Financials as of January 31, 2024.[1]

HashiCorp, Inc. is an American software company[2] 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.[3] It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar.[4][5] The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.[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 Armon Dadgar and Mitchell Hashimoto

HashiCorp was founded in 2012 by two classmates from the University of Washington, Mitchell Hashimoto and Armon Dadgar.[9] Co-founder Hashimoto was previously working on open-source software called Vagrant, which became incorporated into HashiCorp.[10]

On 29 November 2021, HashiCorp set terms for its IPO at 15.3 million shares at $68-$72 at a valuation of $13 billion.[11] It offered 15.3 million shares.[12] HashiCorp considers its workers to be remote workers first rather than coming into an office on a full-time basis.[13]

Around April 2021, a supply chain attack using code auditing tool codecov allowed hackers limited access to HashiCorp's customers networks.[14] As a result, private credentials were leaked. HashiCorp revoked a private signing key and asked its customers to use a new rotated key.

Mitchell Hashimoto resigned from the company in December 2023.[15]

Acquisition by IBM

On April 24, 2024, the company announced it had entered into an agreement to be acquired by IBM for $6.4 billion, with the transaction expected to close by the end of the same year.[16] This led to the Competition and Markets Authority of the United Kingdom launching an investigation into the acquisition in late 2024.[17][18] The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals.[19][20]

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.[21] Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.[22]

The main product line consists of the following tools:[3][21]

  • Vagrant (first released in 2010[23]): supports the building and maintenance of reproducible software-development environments via virtualization technology.
  • Packer (software) ({{{2}}}) (first released in June 2013[24][25]): a tool for building virtual-machine images for later deployment.
  • Terraform (first released in July 2014): infrastructure as code software which enables provisioning and adapting virtual infrastructure across all major cloud providers.
  • Consul (first released in April 2014[26][21]): provides service mesh, DNS-based service discovery, distributed KV storage, RPC, and event propagation. The underlying event, membership, and failure-detection mechanisms are provided by Serf, an open-source library also published by HashiCorp.
  • Vault (first released in April 2015[27]): provides secrets management, identity-based access, encrypting application data and auditing of secrets for applications, systems, and users.[22]
  • Nomad (released in September 2015[28]): supports scheduling and deployment of tasks across worker nodes in a cluster.
  • Serf (first released in 2013): a decentralized cluster membership, failure detection, and orchestration software product.[29]
  • Sentinel (first released in 2017[30][31]): a policy as code framework for HashiCorp products.[32]
  • Boundary (first released in October 2020[33]): provides secure remote access to systems based on trusted identity.
  • Waypoint (first released in October 2020[34]): provides a modern workflow to build, deploy, and release across platforms.

References

  1. ↑ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 21, 2024. https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828024012350/hcp-20240131.htm. 
  2. ↑ Warren, Justin (23 February 2017). "Jay Fry Leaves New Relic To Head HashiCorp Marketing". Forbes. https://www.forbes.com/sites/justinwarren/2017/02/23/jay-fry-leaves-new-relic-to-head-hashicorp-marketing/. 
  3. ↑ 3.0 3.1 Lardinois, Frederic (7 September 2016). "HashiCorp raises $24M for its DevOps infrastructure software". https://techcrunch.com/2016/09/07/hashicorp-raises-24m-series-b-round-for-its-devops-infrastructure-services/. 
  4. ↑ Williams, Alex (28 November 2012). "Vagrant Founder Launches HashiCorp To Support His Open Developer Management Tool". TechCrunch. AOL. https://techcrunch.com/2012/11/28/vagrant-founder-launches-hashicorp-to-support-his-open-source-developer-management-tool/. 
  5. ↑ Handy, Alex (21 November 2016). "The future of HashiCorp" (in en-US). SD Times. http://sdtimes.com/the-future-of-hashicorp/. 
  6. ↑ "HashiCorp: Past, Present, Future" (in en). 2021-09-19. https://interconnected.blog/hashicorp-past-present-future/. 
  7. ↑ Fay, Joe (8 September 2016). "HashiCorp pulls in $24m to build out DevOps infrastructure portfolio". https://www.theregister.co.uk/2016/09/08/hashi_corp_cash_influx/. 
  8. ↑ Dadgar, Armon. "HashiCorp adopts Business Source License" (in en). https://www.hashicorp.com/blog/hashicorp-adopts-business-source-license. 
  9. ↑ Wang, Echo (December 8, 2021). "Software maker HashiCorp raises $1.2 billion in U.S. IPO - source". https://www.reuters.com/technology/software-maker-hashicorp-raises-12-billion-us-ipo-source-2021-12-08/. 
  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. https://books.google.com/books?id=RQ9zDwAAQBAJ&pg=PA8. Retrieved May 23, 2023. 
  11. ↑ Beltran, Luisa. "Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO". https://www.barrons.com/articles/cloud-software-provider-hashicorp-targets-13-billion-valuation-with-ipo-51638231582. 
  12. ↑ Donovan, Kevin (November 30, 2021). "HashiCorp (HCP) launches IPO at $68-$72 to raise $1.10bn". https://capital.com/hashicorp-hcp-launches-ipo-at-68-72-to-raise-1-1bn. 
  13. ↑ Novet, Jordan (2021-12-09). "HashiCorp shares rise after one of top software IPOs of 2021 values company at over $14 billion". CNBC. https://www.cnbc.com/2021/12/09/cloud-software-maker-hashicorp-hcp-starts-trading-on-nasdaq.html. Retrieved 2021-12-21. 
  14. ↑ "HashiCorp revoked private key exposed in Codecov security breach" (in en-US). 2021-04-26. https://venturebeat.com/2021/04/26/hashicorp-revoked-private-key-exposed-in-codecov-security-breach/. 
  15. ↑ Hashimoto, Mitchell. "Mitchell reflects as he departs HashiCorp" (in en). https://www.hashicorp.com/blog/mitchell-reflects-as-he-departs-hashicorp. 
  16. ↑ "IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform". IBM. https://newsroom.ibm.com/2024-04-24-IBM-to-Acquire-HashiCorp-Inc-Creating-a-Comprehensive-End-to-End-Hybrid-Cloud-Platform. 
  17. ↑ Speed, Richard (31 December 2024). "UK watchdog launches inquiry into IBM's HashiCorp acquisition". The Register. https://www.theregister.com/2024/12/31/cma_inquiry_ibm_hashicorp/. 
  18. ↑ "IBM / HashiCorp merger inquiry" (in en). https://www.gov.uk/cma-cases/ibm-slash-hashicorp-merger-inquiry. 
  19. ↑ "IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform" (in en-us). https://newsroom.ibm.com/2025-02-27-ibm-completes-acquisition-of-hashicorp,-creates-comprehensive,-end-to-end-hybrid-cloud-platform. 
  20. ↑ Sawers, Paul (2025-02-27). "IBM closes $6.4B HashiCorp acquisition". https://techcrunch.com/2025/02/27/ibm-closes-6-4b-hashicorp-acquisition/. 
  21. ↑ 21.0 21.1 21.2 Ward, Chris (20 June 2017). "HashiCorp Tools Useful for Continuous Integration". https://blog.codeship.com/hashicorp-tools-useful-in-ci. 
  22. ↑ 22.0 22.1 "HashiCorp Announces the General Availability of Vault Enterprise for DevOps Security Across Dynamic Infrastructure". 7 September 2016. http://www.marketwired.com/press-release/hashicorp-announces-general-availability-vault-enterprise-devops-security-across-dynamic-2156343.htm. 
  23. ↑ "Release v0.1.0 · hashicorp/Vagrant". https://github.com/hashicorp/vagrant/releases/tag/v0.1.0. 
  24. ↑ "Release v0.1.0 · hashicorp/Packer". https://github.com/hashicorp/packer/releases/tag/v0.1.0. 
  25. ↑ "HashiCorp Packer 1.0". https://www.hashicorp.com/blog/packer-1-0/. 
  26. ↑ "HashiCorp Consul". https://www.hashicorp.com/blog/consul-announcement. 
  27. ↑ "Vault/CHANGELOG.md at master · hashicorp/Vault". April 2022. https://github.com/hashicorp/vault/blob/master/CHANGELOG.md. 
  28. ↑ "HashiCorp Nomad". https://www.hashicorp.com/blog/nomad-announcement. 
  29. ↑ "Home". https://www.serf.io/. 
  30. ↑ "Announcing Sentinel, HashiCorp's Policy as Code Framework". https://www.hashicorp.com/blog/sentinel-announcement-policy-as-code-framework. 
  31. ↑ "HashiCorp Sentinel - wikieduonline". https://www.wikieduonline.com/wiki/HashiCorp_Sentinel. 
  32. ↑ "HashiCorp Sentinel framework". https://www.hashicorp.com/sentinel. 
  33. ↑ "Announcing HashiCorp Boundary". https://www.hashicorp.com/blog/hashicorp-boundary. 
  34. ↑ "Announcing HashiCorp Waypoint". https://www.hashicorp.com/blog/announcing-waypoint. 
  • No URL found. Please specify a URL here or add one to Wikidata.
  • on GitHub



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:HashiCorp&oldid=4174129"