HashiCorp
HashiCorp, Inc. is an American software company 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. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
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.
History
HashiCorp was founded in 2012 by two classmates from the University of Washington, Mitchell Hashimoto and Armon Dadgar. Co-founder Hashimoto was previously working on open-source software called Vagrant, which became incorporated into HashiCorp.On 29 November 2021, HashiCorp set terms for its IPO at $68-$72 at a valuation of $13 billion. It offered 15.3 million shares. HashiCorp considers its workers to be remote workers first rather than coming into an office on a full-time basis.
Around April 2021, a supply chain attack using code auditing tool codecov allowed hackers limited access to HashiCorp's customers networks. 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.
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. This led to the Competition and Markets Authority of the United Kingdom launching an investigation into the acquisition in late 2024. The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals.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. Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.The main product line consists of the following tools:
- Vagrant : supports the building and maintenance of reproducible software-development environments via virtualization technology.
- : a tool for building virtual-machine images for later deployment.
- Terraform : infrastructure as code software which enables provisioning and adapting virtual infrastructure across all major cloud providers.
- 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 : provides secrets management, identity-based access, encrypting application data and auditing of secrets for applications, systems, and users.
- Nomad : supports scheduling and deployment of tasks across worker nodes in a cluster.
- Sentinel : a policy as code framework for HashiCorp products.
- Boundary : provides secure remote access to systems based on trusted identity.
- Waypoint : provides a modern workflow to build, deploy, and release across platforms.
- Vault Radar : Discover, copy and secure secrets discovered in Git-supported repositories and collaboration platforms directly into HashiCorp Vault