Footnotes / references Financials as of January 31, 2024[update].[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]
In April 2024, IBM announced plans to acquire HashiCorp.
History
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
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]
Vagrant (first released in 2010[19]): supports the building and maintenance of reproducible software-development environments via virtualization technology.
Terraform (first released in July 2014): infrastructure as code software which enables provisioning and adapting virtual infrastructure across all major cloud providers.
