HashiCorp
Cloud-computing software company
From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: HCP (2021–2025) | |
| Industry | IT infrastructure |
| Founded | 2012 |
| Founders |
|
| Headquarters | 101 Second Street, , United States |
Area served | Global |
Key people | David McJannet (CEO) |
| Revenue |  US$583 million (2024) |
 US$−254 million (2024) | |
| US$−191 million (2024) | |
| Total assets | US$1.69 billion (2024) |
| Total equity | US$1.21 billion (2024) |
Number of employees | c. 2,200 (2024) |
| Parent | IBM (2025–present) |
| Website | hashicorp |
| Footnotes / references Financials as of January 31, 2024[update].[1] | |
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]
History
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 $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]
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.[16] This led to the Competition and Markets Authority of the United Kingdom launching an investigation into the acquisition in late 2024.[17][18] The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals.[19][20]
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.[21] Additional proprietary features for some of these tools are offered commercially and are aimed at enterprise customers.[22]
The main product line consists of the following tools:[3][21]
- Vagrant (first released in 2010[23]): supports the building and maintenance of reproducible software-development environments via virtualization technology.
- Packer (first released in June 2013[24][25]): 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[26][21]): 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[27]): provides secrets management, identity-based access, encrypting application data and auditing of secrets for applications, systems, and users.[22]
- Nomad (released in September 2015[28]): supports scheduling and deployment of tasks across worker nodes in a cluster.
- Sentinel (first released in 2017[29][30]): a policy as code framework for HashiCorp products.[31]
- Boundary (first released in October 2020[32]): provides secure remote access to systems based on trusted identity.
- Waypoint (first released in October 2020[33]): provides a modern workflow to build, deploy, and release across platforms.
- Vault Radar (first released in April 2025[34]): Discover, copy and secure secrets discovered in Git-supported repositories and collaboration platforms directly into HashiCorp Vault
