HashiCorp Ramps Up $100M Round
November 5, 2018
HashiCorp has raised
$100 million in Series D funding, at a company valuation of $1.9
billion. This brings the total funding that HashiCorp has raised
to $174 million. The round was led by new investor IVP, with
participation from Bessemer Venture Partners, also a new
investor. Existing HashiCorp investors GGV Capital, Mayfield,
Redpoint Ventures, and True Ventures also participated in this
The new round of
funding will enable HashiCorp to accelerate its focus on
for Global 2000 organizations. The company plans to focus
investment on its open source and commercial product
development; increased hiring in global go-to-market functions;
and its customer success, support, and training efforts for its
worldwide customer base.
source and commercial offerings provide solutions for the four
main components of infrastructure automation -- provisioning,
security, networking, and application runtime. As organizations
navigate the transition to cloud infrastructure, all four of
these areas require new, dynamic approaches. HashiCorp software
addresses the needs of dynamic infrastructure with consistent
workflows to provision, secure, connect, and run any
infrastructure for any application.
inception, we’ve been deeply committed to enabling multi-cloud,”
said Dave McJannet, CEO of HashiCorp. “Because practitioners
choose technologies in the cloud era, we’ve taken an open
source-first approach and partnered with the cloud providers to
enable a common workflow for cloud adoption. Commercially, we
view our responsibility as a strategic partner to the Global
2000 as they adopt hybrid and multi-cloud. This round of funding
will help us accelerate our efforts.”
“We see a
profound, generational shift in the market with the move to
multi-cloud architectures,” said Tom Loverro, investor at IVP.
“HashiCorp is in one of the best strategic positions to take
advantage of this shift, with their combination of massive open
source adoption, partner endorsement, and an experienced
management team to help build the next significant enterprise
infrastructure software company. We are thrilled to be part of
this journey along with HashiCorp.”
added record numbers of new customers each year since the
company began selling commercial products in 2016, including
Adobe, Barclays, Citadel, Credit Karma, Cruise Automation,
Deluxe Entertainment, Equinix, Hulu, Jet.com, Pandora, Petco,
Proofpoint, Ripple, SAP Ariba, Segment, and Spaceflight.
now counts more than 50 of the Fortune 500 and over 100 of
the Global 2000 among its paying customers.
had 45 million downloads of its open source products in the
past 12 months, up from 22 million the previous year.
- The company
released 80 updates across its suite of enterprise and open
source products, with more than 43,000 commits, in the past
- In the past
12 months, HashiCorp grew from 130 to 320 employees.
- The company
has extended its work with key cloud and infrastructure
providers, including Alibaba Cloud, AWS, Google Cloud,
Microsoft Azure, Oracle Cloud, and VMware.
has expanded its customer support centers internationally to
include locations in Amsterdam and Sofia, Bulgaria, with
plans to open a Melbourne, Australia, support operation.
has expanded the HashiCorp Partner Program to include 38
resellers, 117 system integrators, and 45 technology
partners in North America, EMEA, and Asia Pacific.
held its fourth annual HashiConf user and technology
conference last week in San Francisco with more than 1,200
attendees. The conference featured speakers from
organizations including AWS, Blackstone Federal, Bloomberg
LP, Boston Consulting Group, CircleCI, Cloudreach, Criteo,
Cruise Automation, Deluxe Entertainment, DigitalOcean, eBay
Classifieds Group, Ellie Mae, Google, Gruntwork, HAProxy
Technologies, Instruqt, Microsoft, Red Hat, Reddit, Riot
Games, Solo.io, Sylabs, Target, and others.
- AWS, Google
Cloud, Microsoft Azure, and Oracle Cloud sponsored HashiConf
2018 along with 25 other partner organizations.
HashiCorp community now has HashiCorp User Groups in 74
cities and 38 countries around the world, totaling more than
accolades include being named #32 on the Forbes 2018 Cloud
100 list, a Cool Vendor in DevOps by Gartner, an Innovator
by IDC, an MIT Sloan CIO Symposium Innovation Showcase
finalist, an Innovative Startup by CNBC, a San Francisco
Chronicle Startup to Watch, a Technology of the Year by
InfoWorld, one of InformationWeek’s 25 DevOps Vendors to
Consider, one of CRN’s 10 Coolest Cloud Development
Startups, one of SD Times’ Best in Software Development, and
OSCON Breakout Project of the Year (for Vault). Co-founders
and CTOs Mitchell Hashimoto and Armon Dadgar have also been
named to Forbes and Inc's 30 Under 30 lists.