HashiCorp explained

HashiCorp, Inc.
Type:Public
Traded As:NASDAQ:
Key People:David McJannet (CEO)
Industry:IT infrastructure
Revenue Year:2024
Income Year:2024
Net Income Year:2024
Assets Year:2024
Equity Year:2024
Num Employees Year:2024
Hq Location:101 Second Street
Hq Location Country:United States
Area Served:Global
Footnotes:Financials .[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]

In Apr 2024, IBM announced plans to acquire HashiCorp.

History

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]

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]

On April 24, 2024, the company announced it had entered into an agreement to be acquired by IBM, with the transaction expected to close by the end of the same year.[16]

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.[17] Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.[18]

The main product line consists of the following tools:

Notes and References

  1. Web site: FY 2024 Annual Report (Form 10-K) . March 21, 2024. U.S. Securities and Exchange Commission.
  2. News: Jay Fry Leaves New Relic To Head HashiCorp Marketing. Warren. Justin. 23 February 2017. Forbes.
  3. Web site: HashiCorp raises $24M for its DevOps infrastructure software. Lardinois. Frederic. 7 September 2016. TechCrunch.
  4. Web site: Vagrant Founder Launches HashiCorp To Support His Open Developer Management Tool. Alex. 28 November 2012. AOL. Williams. TechCrunch.
  5. News: The future of HashiCorp. Handy. Alex. 21 November 2016. SD Times. en-US.
  6. Web site: 2021-09-19 . HashiCorp: Past, Present, Future . 2024-04-25 . Interconnected . en.
  7. Web site: HashiCorp pulls in $24m to build out DevOps infrastructure portfolio. Fay. Joe. 8 September 2016. The Register.
  8. Web site: Dadgar . Armon . HashiCorp adopts Business Source License . HashiCorp . August 10, 2023 . en.
  9. Web site: Wang . Echo . Software maker HashiCorp raises $1.2 billion in U.S. IPO - source . Reuters . December 8, 2021 . May 23, 2023.
  10. Book: Braunton, A. . Hands-On DevOps with Vagrant: Implement end-to-end DevOps and infrastructure management using Vagrant . Packt Publishing . 2018 . 978-1-78913-678-4 . May 23, 2023 . 8.
  11. Web site: Beltran . Luisa . Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO . Barrons . Barrons . 30 November 2021.
  12. Web site: Donovan . Kevin . HashiCorp (HCP) launches IPO at $68-$72 to raise $1.10bn . Capital.com . November 30, 2021 . May 23, 2023.
  13. News: Novet . Jordan . HashiCorp shares rise after one of top software IPOs of 2021 values company at over $14 billion . . 2021-12-09 . 2021-12-21 .
  14. Web site: 2021-04-26 . HashiCorp revoked private key exposed in Codecov security breach . 2021-08-03 . VentureBeat . en-US.
  15. Web site: Hashimoto . Mitchell . Mitchell reflects as he departs HashiCorp . 2024-04-30 . HashiCorp . en.
  16. Web site: IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform . . 24 April 2024.
  17. Web site: HashiCorp Tools Useful for Continuous Integration. Ward. Chris. 20 June 2017. Codeship Blog.
  18. Web site: HashiCorp Announces the General Availability of Vault Enterprise for DevOps Security Across Dynamic Infrastructure. 7 September 2016.
  19. Web site: Release v0.1.0 · hashicorp/Vagrant. GitHub.
  20. Web site: Release v0.1.0 · hashicorp/Packer. GitHub.
  21. Web site: HashiCorp Packer 1.0.
  22. Web site: HashiCorp Consul.
  23. Web site: Vault/CHANGELOG.md at master · hashicorp/Vault. GitHub. April 2022.
  24. Web site: HashiCorp Nomad.
  25. Web site: Home . serf.io.
  26. Web site: Announcing Sentinel, HashiCorp's Policy as Code Framework.
  27. Web site: HashiCorp Sentinel - wikieduonline.
  28. Web site: HashiCorp Sentinel framework.
  29. Web site: Announcing HashiCorp Boundary.
  30. Web site: Announcing HashiCorp Waypoint.

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