HashiCorp scores $24 mln Series B led by GGV Capital

DevOps infrastructure company HashiCorp raised $24 million in a Series B funding round led by GGV Capital. Mayfield, True Ventures, and new investor Redpoint also participated. The company’s total raised to date is now $34 million.


NAPA, CA–(Marketwired – Sep 7, 2016) – HashiConf User Conference — HashiCorp, the DevOps infrastructure company, today announced $24 million in Series B funding, bringing the total raised to date to $34 million. The round was led by GGV Capital with Mayfield, True Ventures, and new investor Redpoint also participating. HashiCorp plans to use the funding to accelerate its rapid growth and continue open source and enterprise product development to support its millions of users.

Also today HashiCorp announced Vault Enterprise, a complete solution for DevOps security: http://www2.marketwire.com/mw/release_html_b1?release_id=1275720.

HashiCorp was founded by Mitchell Hashimoto and Armon Dadgar in 2012 with the goal of revolutionizing datacenter management across development, operations, and security. As organizations transform themselves to be successful in the software economy, they invest in DevOps infrastructure. HashiCorp DevOps infrastructure enables companies to align and empower developers, operators, and security teams to accelerate application delivery and increase their competitiveness in the software economy.

“Armon and I founded HashiCorp to make development, operations, and security easier so organizations could focus on building the applications of the future. The rate of open source and commercial adoption of our technology has been tremendous,” said Mitchell Hashimoto, co-founder of HashiCorp. “The productivity of the HashiCorp team is inspiring and I’m excited to continue the journey together to bring DevOps infrastructure to even more organizations.”

This year:

  • HashiCorp had its first 7-figure revenue quarter after only nine months of enterprise sales. Customers include enterprises like Conde Nast, Cisco, and Mozilla.
  • Weekly open source downloads are up 125 percent in the first six months of this year, adding to the community of several million monthly active users. HashiCorp’s open source user base includes technology leaders such as Stripe, Uber, Twitch, OpenAI, Pinterest, and Capital One.
  • HashiCorp’s modular and open product design fostered a rich ecosystem of partners including AWS, Google Cloud, Microsoft Azure, VMware, and GitHub.
  • HashiCorp was named a Cool Vendor in DevOps by Gartner and an MIT Sloan CIO Symposium Innovation Showcase finalist. Also this year, Mitchell Hashimoto and Armon Dadgar were named to Inc’s 30 Under 30 list.
  • HashiCorp hired its 50th employee, growing from six employees just two years ago.

Beyond these milestones, the next stage for HashiCorp is bringing its DevOps vision to more users across open source and enterprise communities. In the software economy companies win by bringing applications to market faster than their competitors. HashiCorp’s DevOps infrastructure accelerates application delivery by aligning developers, operators, and security. This holistic view and widespread adoption defines HashiCorp as a leader in DevOps with a clear trajectory ahead.

“HashiCorp builds world-class tools for development, operations, and security teams to manage distributed applications and infrastructure. The adoption of these tools in global enterprises has been tremendous,” said Glenn Solomon, Managing Partner at GGV Capital and a HashiCorp Board Member. “We are extremely pleased to continue our partnership with them as they continue their mission to accelerate software application delivery.”

About HashiConf

HashiConf is HashiCorp’s annual user conference to bring together the community to define the future of infrastructure. Speakers this year include Home Depot, Target, Verizon, PayPal, and Microsoft, and sponsors include AWS, Google Cloud, GitHub, and Bridgewater Associates. HashiConf is taking place this year in Napa, California September 6-8. For more information, visit: https://hashiconf.com or follow HashiConf on Twitter @hashiconf.

About HashiCorp

HashiCorp is the DevOps infrastructure company. HashiCorp technology aligns development, operations, and security to accelerate application delivery. The company manages seven open source tools (Vagrant, Packer, Terraform, Serf, Consul, Vault, and Nomad) that span runtime, infrastructure, security management. Enterprise versions of Terraform, Vault, Consul, and Nomad enhance the respective open source tools with enterprise features that promote collaboration, policy-validation, and intelligent automation. The company is headquartered in San Francisco and backed by Mayfield, GGV Capital, Redpoint, and True Ventures. For more information, visit: https://hashicorp.com, or follow HashiCorp on Twitter @hashicorp.