Company:HashiCorp

From HandWiki
Short description: Cloud-computing software company
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]

  • Vagrant (first released in 2010[22]): supports the building and maintenance of reproducible software-development environments via virtualization technology.
  • Packer (software) ({{{2}}}) (first released in June 2013[23][24]): 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[25][20]): 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[26]): provides secrets management, identity-based access, encrypting application data and auditing of secrets for applications, systems, and users.[21]
  • Nomad (released in September 2015[27]): 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.[28]
  • Sentinel (first released in 2017[29][30]): a policy as code framework for HashiCorp products.[31]
  • Boundary (first released in October 2020[32]): provides secure remote access to systems based on trusted identity.
  • Waypoint (first released in October 2020[33]): provides a modern workflow to build, deploy, and release across platforms.

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. ↑ 1.0 1.1 "2023 Proxy Statement & Annual Report". HashiCorp. May 17, 2023. https://ir.hashicorp.com/static-files/1d62b124-e329-4694-844d-aa6e028f2f92. 
  2. ↑ "Annual 10k". HashiCorp. 2023. https://ir.hashicorp.com/static-files/6f49f23b-47a5-4d1c-9b1b-1ff67a9ee288. 
  3. ↑ 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/. 
  4. ↑ 4.0 4.1 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/. 
  5. ↑ 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/. 
  6. ↑ Handy, Alex (21 November 2016). "The future of HashiCorp" (in en-US). SD Times. http://sdtimes.com/the-future-of-hashicorp/. 
  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. ↑ Marvin, Rob (February 26, 2015). "Mitchell Hashimoto is automating the world". https://sdtimes.com/atlas/mitchell-hashimoto-hashicorp-vagrant-atlas-automate-world/. 
  12. ↑ Miller, Ron (November 1, 2018). "HashiCorp scores $100M investment on $1.9 billion valuation". https://techcrunch.com/2018/11/01/hashicorp-scores-100m-investment-on-1-9-billion-valuation/. 
  13. ↑ 13.0 13.1 13.2 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. 
  14. ↑ Schlosser, Kurt (May 1, 2019). "Young founder of cloud unicorn HashiCorp giving back to Univ. of Washington with millions in scholarship aid". https://www.geekwire.com/2019/young-founder-1b-hashicorp-giving-back-univ-washington-millions-scholarship-aid/. 
  15. ↑ 15.0 15.1 Crichton, Danny (March 17, 2020). "HashiCorp soars above $5B valuation in new $175M venture round". https://finance.yahoo.com/news/hashicorp-soars-above-5b-valuation-002653840.html. 
  16. ↑ 16.0 16.1 "HashiCorp IPO Could Value Startup at $13B". November 30, 2021. https://www.cfo.com/technology/the-cloud/2021/11/hashicorp-ipo-could-value-startup-at-13b/. 
  17. ↑ Beltran, Luisa. "Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO". Barrons. https://www.barrons.com/articles/cloud-software-provider-hashicorp-targets-13-billion-valuation-with-ipo-51638231582. 
  18. ↑ Beltran, Luisa (November 30, 2021). "Software Provider HashiCorp Aims for $13 Billion IPO Valuation". https://www.barrons.com/articles/cloud-software-provider-hashicorp-targets-13-billion-valuation-with-ipo-51638231582. 
  19. ↑ 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. 
  20. ↑ 20.0 20.1 20.2 Ward, Chris (20 June 2017). "HashiCorp Tools Useful for Continuous Integration". https://blog.codeship.com/hashicorp-tools-useful-in-ci. 
  21. ↑ 21.0 21.1 "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. 
  22. ↑ "Release v0.1.0 · hashicorp/Vagrant". https://github.com/hashicorp/vagrant/releases/tag/v0.1.0. 
  23. ↑ "Release v0.1.0 · hashicorp/Packer". https://github.com/hashicorp/packer/releases/tag/v0.1.0. 
  24. ↑ "HashiCorp Packer 1.0". https://www.hashicorp.com/blog/packer-1-0/. 
  25. ↑ "HashiCorp Consul". https://www.hashicorp.com/blog/consul-announcement. 
  26. ↑ "Vault/CHANGELOG.md at master · hashicorp/Vault". April 2022. https://github.com/hashicorp/vault/blob/master/CHANGELOG.md. 
  27. ↑ "HashiCorp Nomad". https://www.hashicorp.com/blog/nomad-announcement. 
  28. ↑ "Home". https://www.serf.io/. 
  29. ↑ "Announcing Sentinel, HashiCorp's Policy as Code Framework". https://www.hashicorp.com/blog/sentinel-announcement-policy-as-code-framework. 
  30. ↑ "HashiCorp Sentinel - wikieduonline". https://www.wikieduonline.com/wiki/HashiCorp_Sentinel. 
  31. ↑ "HashiCorp Sentinel framework". https://www.hashicorp.com/sentinel. 
  32. ↑ "Announcing HashiCorp Boundary". https://www.hashicorp.com/blog/hashicorp-boundary. 
  33. ↑ "Announcing HashiCorp Waypoint". https://www.hashicorp.com/blog/announcing-waypoint. 
  34. ↑ "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/. 

External links



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