HashiCorp, Inc. is an American software company[2] and subsidiary of IBM 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 its employees are distributed across the United States, Canada, Australia, India, and Europe. HashiCorp offers source-available libraries and other proprietary products.[7][8]
History
HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar, two classmates from the University of Washington's Paul G. Allen School of Computer Science and Engineering.[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 $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]
References
- ^ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 21, 2024.
- ^ Warren, Justin (23 February 2017). "Jay Fry Leaves New Relic To Head HashiCorp Marketing". Forbes.
- ^ Lardinois, Frederic (7 September 2016). "HashiCorp raises $24M for its DevOps infrastructure software". TechCrunch.
- ^ Williams, Alex (28 November 2012). "Vagrant Founder Launches HashiCorp To Support His Open Developer Management Tool". TechCrunch. AOL.
- ^ Handy, Alex (21 November 2016). "The future of HashiCorp". SD Times.
- ^ "HashiCorp: Past, Present, Future". Interconnected. 2021-09-19. Retrieved 2024-04-25.
- ^ Fay, Joe (8 September 2016). "HashiCorp pulls in $24m to build out DevOps infrastructure portfolio". The Register.
- ^ Dadgar, Armon. "HashiCorp adopts Business Source License". HashiCorp. Retrieved August 10, 2023.
- ^ Wang, Echo (December 8, 2021). "Software maker HashiCorp raises $1.2 billion in U.S. IPO - source". Reuters. Retrieved May 23, 2023.
- ^ 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. Retrieved May 23, 2023.
- ^ Beltran, Luisa. "Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO". Barrons. Retrieved 30 November 2021.
- ^ Donovan, Kevin (November 30, 2021). "HashiCorp (HCP) launches IPO at $68-$72 to raise $1.10bn". Capital.com. Retrieved May 23, 2023.
- ^ Novet, Jordan (2021-12-09). "HashiCorp shares rise after one of top software IPOs of 2021 values company at over $14 billion". CNBC. Retrieved 2021-12-21.
- ^ "HashiCorp revoked private key exposed in Codecov security breach". VentureBeat. 2021-04-26. Retrieved 2021-08-03.
- ^ Hashimoto, Mitchell. "Mitchell reflects as he departs HashiCorp". HashiCorp. Retrieved 2024-04-30.
- ^ "IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform". IBM. Retrieved 24 April 2024.
- ^ Speed, Richard (31 December 2024). "UK watchdog launches inquiry into IBM's HashiCorp acquisition". The Register.
- ^ "IBM / HashiCorp merger inquiry". GOV.UK. Retrieved 2025-02-15.
- ^ "IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform". IBM Newsroom. Retrieved 2025-03-01.
- ^ Sawers, Paul (2025-02-27). "IBM closes $6.4B HashiCorp acquisition". TechCrunch. Retrieved 2025-02-27.
- ^ Ward, Chris (20 June 2017). "HashiCorp Tools Useful for Continuous Integration". Codeship Blog.
- ^ "HashiCorp Announces the General Availability of Vault Enterprise for DevOps Security Across Dynamic Infrastructure". 7 September 2016.
External links
- Carbon Design System
- Cloud
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entities
- Towers
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- Facilities
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- Thomas J. Watson (1914–1956)
- Thomas Watson Jr. (1956–1971)
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- Louis V. Gerstner Jr. (1993–2002)
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- Ginni Rometty (2012–2020)
- Arvind Krishna (since 2020)
