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HashiCorp

From Wikipedia, the free encyclopedia
HashiCorp, Inc.
Company typePublic
NasdaqHCP
IndustryIT infrastructure
Founded2012; 12 years ago (2012)
Founders
  • Mitchell Hashimoto
  • Armon Dadgar
Headquarters101 Second Street, ,
United States
Area served
Global
Key people
David McJannet (CEO)
RevenueIncrease US$583 million (2024)
Negative increase US$−254 million (2024)
Negative increase US$−191 million (2024)
Total assetsIncrease US$1.69 billion (2024)
Total equityIncrease US$1.21 billion (2024)
Number of employees
c. 2,200 (2024)
Websitehashicorp.com
Footnotes / references
Financials as of January 31, 2024.[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 April 2024, IBM announced plans to acquire HashiCorp.

History

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Founders Armon Dadgar and Mitchell Hashimoto

HashiCorp was founded in 2012 by two classmates from the University of Washington, Mitchell Hashimoto and Armon Dadgar.[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 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

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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:[3][17]

References

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