HashiCorp
{{Short description|Cloud-computing software company}}
{{Infobox company
| name = HashiCorp, Inc.
| logo = HashiCorp horizontal logo.svg
| logo_size =
| type = Subsidiary
| traded_as = {{NASDAQ was|HCP}} (2021–2025)
| founded = {{Start date and age|2012}}
| key_people = David McJannet (CEO)
| founders = {{Plainlist|
- Mitchell Hashimoto
- Armon Dadgar}}
| industry = IT infrastructure
| revenue = {{increase}} {{US$|583 million|link=yes}}
| revenue_year = 2024
| operating_income = {{increasenegative}} {{US$|-254 million}}
| income_year = 2024
| net_income = {{increasenegative}} {{US$|-191 million}}
| net_income_year = 2024
| assets = {{increase}} {{US$|1.69 billion}}
| assets_year = 2024
| equity = {{increase}} {{US$|1.21 billion}}
| equity_year = 2024
| num_employees = {{circa|2,200}}
|parent = IBM (2025–present)
| num_employees_year = 2024
| homepage = {{url|hashicorp.com}}
| alt = HashiCorp Logo (no text)
| hq_location = 101 Second Street
| hq_location_city = {{nowrap| San Francisco, California}}
| hq_location_country = United States
| num_locations =
| area_served = Global
| footnotes = Financials {{as of|2024|01|31|lc=y|df=US}}.{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828024012350/hcp-20240131.htm|title=FY 2024 Annual Report (Form 10-K) |date=March 21, 2024|publisher=U.S. Securities and Exchange Commission}}
}}
HashiCorp, Inc. is an American software company{{Cite news|url=https://www.forbes.com/sites/justinwarren/2017/02/23/jay-fry-leaves-new-relic-to-head-hashicorp-marketing/|title=Jay Fry Leaves New Relic To Head HashiCorp Marketing|last=Warren|first=Justin|date=23 February 2017|work=Forbes}} 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.{{Cite web|url=https://techcrunch.com/2016/09/07/hashicorp-raises-24m-series-b-round-for-its-devops-infrastructure-services/|title=HashiCorp raises $24M for its DevOps infrastructure software|last=Lardinois|first=Frederic|date=7 September 2016|website=TechCrunch}} It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar.{{cite web|url=https://techcrunch.com/2012/11/28/vagrant-founder-launches-hashicorp-to-support-his-open-source-developer-management-tool/|title=Vagrant Founder Launches HashiCorp To Support His Open Developer Management Tool|first=Alex|date=28 November 2012|publisher=AOL|author=Williams|work=TechCrunch}}{{Cite news|url=http://sdtimes.com/the-future-of-hashicorp/|title=The future of HashiCorp|last=Handy|first=Alex|date=21 November 2016|work=SD Times|language=en-US}} The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.{{Cite web |date=2021-09-19 |title=HashiCorp: Past, Present, Future |url=https://interconnected.blog/hashicorp-past-present-future/ |access-date=2024-04-25 |website=Interconnected |language=en}}
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.{{Cite web|url=https://www.theregister.co.uk/2016/09/08/hashi_corp_cash_influx/|title=HashiCorp pulls in $24m to build out DevOps infrastructure portfolio|last=Fay|first=Joe|date=8 September 2016|website=The Register}}{{cite web |last1=Dadgar |first1=Armon |title=HashiCorp adopts Business Source License |url=https://www.hashicorp.com/blog/hashicorp-adopts-business-source-license |website=HashiCorp |access-date=August 10, 2023 |language=en}}
History
File:Armon Dadgar and Mitchell Hashimoto HashiCorp Founders.png
HashiCorp was founded in 2012 by two classmates from the University of Washington, Mitchell Hashimoto and Armon Dadgar.{{cite web | last=Wang | first=Echo | title=Software maker HashiCorp raises $1.2 billion in U.S. IPO - source | website=Reuters | date=December 8, 2021 | url=https://www.reuters.com/technology/software-maker-hashicorp-raises-12-billion-us-ipo-source-2021-12-08/ | access-date=May 23, 2023}} Co-founder Hashimoto was previously working on open-source software called Vagrant, which became incorporated into HashiCorp.{{cite book | last=Braunton | first=A. | title=Hands-On DevOps with Vagrant: Implement end-to-end DevOps and infrastructure management using Vagrant | publisher=Packt Publishing | year=2018 | isbn=978-1-78913-678-4 | url=https://books.google.com/books?id=RQ9zDwAAQBAJ&pg=PA8 | access-date=May 23, 2023 | page=8}}
On 29 November 2021, HashiCorp set terms for its IPO at 15.3 million shares at $68-$72 at a valuation of $13 billion.{{cite web |last1=Beltran |first1=Luisa |title=Cloud Software Provider HashiCorp Targets $13 Billion Valuation With IPO |url=https://www.barrons.com/articles/cloud-software-provider-hashicorp-targets-13-billion-valuation-with-ipo-51638231582 |website=Barrons |access-date=30 November 2021}} It offered 15.3 million shares.{{cite web | last=Donovan | first=Kevin | title=HashiCorp (HCP) launches IPO at $68-$72 to raise $1.10bn | website=Capital.com | date=November 30, 2021 | url=https://capital.com/hashicorp-hcp-launches-ipo-at-68-72-to-raise-1-1bn | access-date=May 23, 2023}} HashiCorp considers its workers to be remote workers first rather than coming into an office on a full-time basis.{{cite news |last=Novet |first= Jordan |url=https://www.cnbc.com/2021/12/09/cloud-software-maker-hashicorp-hcp-starts-trading-on-nasdaq.html |title=HashiCorp shares rise after one of top software IPOs of 2021 values company at over $14 billion |work=CNBC |date=2021-12-09 |accessdate=2021-12-21 }}
Around April 2021, a supply chain attack using code auditing tool codecov allowed hackers limited access to HashiCorp's customers networks.{{Cite web |date=2021-04-26 |title=HashiCorp revoked private key exposed in Codecov security breach |url=https://venturebeat.com/2021/04/26/hashicorp-revoked-private-key-exposed-in-codecov-security-breach/ |access-date=2021-08-03 |website=VentureBeat |language=en-US}} 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.{{Cite web |last=Hashimoto |first=Mitchell |title=Mitchell reflects as he departs HashiCorp |url=https://www.hashicorp.com/blog/mitchell-reflects-as-he-departs-hashicorp |access-date=2024-04-30 |website=HashiCorp |language=en}}
= 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.{{cite web |title=IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform |url=https://newsroom.ibm.com/2024-04-24-IBM-to-Acquire-HashiCorp-Inc-Creating-a-Comprehensive-End-to-End-Hybrid-Cloud-Platform |publisher=IBM |access-date=24 April 2024}} This led to the Competition and Markets Authority of the United Kingdom launching an investigation into the acquisition in late 2024.{{Cite news |last=Speed |first=Richard |date=31 December 2024 |title=UK watchdog launches inquiry into IBM's HashiCorp acquisition |url=https://www.theregister.com/2024/12/31/cma_inquiry_ibm_hashicorp/ |work=The Register}}{{Cite web |title=IBM / HashiCorp merger inquiry |url=https://www.gov.uk/cma-cases/ibm-slash-hashicorp-merger-inquiry |access-date=2025-02-15 |website=GOV.UK |language=en}} The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals.{{Cite web |title=IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform |url=https://newsroom.ibm.com/2025-02-27-ibm-completes-acquisition-of-hashicorp,-creates-comprehensive,-end-to-end-hybrid-cloud-platform |access-date=2025-03-01 |website=IBM Newsroom |language=en-us}}{{cite web |last=Sawers |first=Paul |title=IBM closes $6.4B HashiCorp acquisition |url=https://techcrunch.com/2025/02/27/ibm-closes-6-4b-hashicorp-acquisition/ |website=TechCrunch |date=2025-02-27 |access-date=2025-02-27}}
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.{{Cite web|url=https://blog.codeship.com/hashicorp-tools-useful-in-ci|title=HashiCorp Tools Useful for Continuous Integration|last=Ward|first=Chris|date=20 June 2017|website=Codeship Blog}} Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.{{Cite web|url=http://www.marketwired.com/press-release/hashicorp-announces-general-availability-vault-enterprise-devops-security-across-dynamic-2156343.htm|title=HashiCorp Announces the General Availability of Vault Enterprise for DevOps Security Across Dynamic Infrastructure|date=7 September 2016}}
The main product line consists of the following tools:
- Vagrant (first released in 2010{{Cite web|url=https://github.com/hashicorp/vagrant/releases/tag/v0.1.0|title = Release v0.1.0 · hashicorp/Vagrant|website = GitHub}}): supports the building and maintenance of reproducible software-development environments via virtualization technology.
- {{ill|Packer (software)|lt=Packer|qid=Q62858956}} (first released in June 2013{{Cite web|url=https://github.com/hashicorp/packer/releases/tag/v0.1.0|title = Release v0.1.0 · hashicorp/Packer|website = GitHub}}{{Cite web|url=https://www.hashicorp.com/blog/packer-1-0/|title=HashiCorp Packer 1.0}}): 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{{Cite web|url=https://www.hashicorp.com/blog/consul-announcement|title = HashiCorp Consul}}): 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{{Cite web|url=https://github.com/hashicorp/vault/blob/master/CHANGELOG.md|title = Vault/CHANGELOG.md at master · hashicorp/Vault|website = GitHub|date = April 2022}}): provides secrets management, identity-based access, encrypting application data and auditing of secrets for applications, systems, and users.
- Nomad (released in September 2015{{Cite web|url=https://www.hashicorp.com/blog/nomad-announcement|title = HashiCorp Nomad}}): 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.{{cite web |url=https://www.serf.io/ |title=Home |website=serf.io}}
- Sentinel (first released in 2017{{Cite web|url=https://www.hashicorp.com/blog/sentinel-announcement-policy-as-code-framework|title = Announcing Sentinel, HashiCorp's Policy as Code Framework}}{{Cite web|url=https://www.wikieduonline.com/wiki/HashiCorp_Sentinel|title = HashiCorp Sentinel - wikieduonline}}): a policy as code framework for HashiCorp products.{{Cite web|url=https://www.hashicorp.com/sentinel|title = HashiCorp Sentinel framework}}
- Boundary (first released in October 2020{{Cite web|url=https://www.hashicorp.com/blog/hashicorp-boundary|title = Announcing HashiCorp Boundary}}): provides secure remote access to systems based on trusted identity.
- Waypoint (first released in October 2020{{Cite web|url=https://www.hashicorp.com/blog/announcing-waypoint|title = Announcing HashiCorp Waypoint}}): provides a modern workflow to build, deploy, and release across platforms.
References
{{Reflist|30em}}
External links
{{Commons category}}
- {{Official website}}
- {{GitHub|{{wikidata|property|P2037}}}}{{EditAtWikidata |pid=P2037}}
Category:Software companies based in the San Francisco Bay Area
Category:Companies based in San Francisco
Category:Free software companies
Category:Software companies established in 2012
Category:Software companies of the United States
Category:American companies established in 2012
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Category:2021 initial public offerings
Category:Companies formerly listed on the Nasdaq