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About HashiCorp
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$339.5M
Headquarters
San Francisco, California
Founded
2012
Overview
HashiCorp specializes in cloud infrastructure and security management, providing tools that help organizations automate and manage their operations across multiple cloud platforms and on-premises data centers. Their products enable businesses to efficiently set up, maintain, and secure their cloud resources while ensuring compliance with regulations. HashiCorp serves a wide range of clients, from large enterprises to startups, addressing the growing challenges of cloud costs and the need for skilled professionals. The company offers both open-source and enterprise versions of its products, allowing developers and IT professionals to access free tools while providing businesses with additional features through paid subscriptions. HashiCorp's goal is to optimize cloud spending and enhance infrastructure management, establishing itself as a significant player in the rapidly expanding cloud infrastructure and security sector.
Simplify's Take
What believers are saying
- Increased demand for Infrastructure as Code tools benefits HashiCorp's Terraform offerings.
- Neo Ivy Capital Management's investment indicates confidence in HashiCorp's growth potential.
- The release of Terraform Google Provider 6.0 improves cloud infrastructure management.
What critics are saying
- Uncertainty about Terraform's open-source status under IBM may erode trust.
- UK's investigation into IBM's acquisition may delay strategic initiatives.
- Increased competition from Pulumi and System Initiative could erode HashiCorp's advantage.
What makes HashiCorp unique
- HashiCorp specializes in multi-cloud and hybrid environment management.
- The company offers both open-source and enterprise versions of its products.
- HashiCorp's tools like Terraform and Vault are industry standards in cloud infrastructure.
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Funding
Total Funding
$339.5M
Above
Industry Average
Funded Over
7 Rounds
Bessemer Venture PartnersBenefits
Medical, dental & vision
Life & disability insurance
Flexible spending account (FSA)
Vacation and Other Leaves
401(k)
Family Expansion Benefit
Maternity and Parental Leave
Expanded Mental Health Support
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 0%36Kr reports that the Australian regulator has begun reviewing IBM's acquisition of software company HashiCorp. Meanwhile, a report from Guosheng Securities suggests that monetary easing remains a major trend, with expectations of interest rate cuts of around 40 basis points and reserve requirement ratio cuts of 50-100 basis points by 2025. Despite recent setbacks, the overall policy outlook remains positive, with improved US-China relations adding to the optimism.
IBM's $6.4 billion acquisition of HashiCorp is under investigation by the UK's Competition and Markets Authority (CMA) to assess potential impacts on competition. The merger, initially set to close by 2024, is paused as the CMA invites public comments until Jan. 16, 2025, with a decision deadline of Feb. 25, 2025. IBM plans to integrate HashiCorp into its software business, enhancing AI capabilities in cloud infrastructure tools. Both companies' shareholders have approved the deal.
IBM's proposed $6.4 billion acquisition of cloud infrastructure automation company HashiCorp is facing increased scrutiny from U.K. regulators over potential antitrust concerns.
IBM is acquiring HashiCorp for $35 per share, totaling $6.4 billion. The acquisition aims to enhance IBM's hybrid cloud and DevOps capabilities, aligning with its 2019 Red Hat acquisition. Despite HashiCorp's licensing changes causing developer unrest, IBM sees value in integrating HashiCorp's tools like Terraform and Vault. While IBM's software sector shows growth, its shares declined post-announcement. The future of Terraform's open-source status remains uncertain.
HashiCorp announced in February 2024 the release of updated Terraform tools to increase support for multi-cloud deployments and enable more efficient management of hybrid infrastructures.
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About HashiCorp
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$339.5M
Headquarters
San Francisco, California
Founded
2012
HashiCorp is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today