HashiCorp
Cloud-computing software company
From Wikipedia, the free encyclopedia
HashiCorp, Inc. is an American software company[2] and subsidiary of IBM 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]
 | |
| 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 Financials as of January 31, 2024[update].[1] | |
HashiCorp is headquartered in San Francisco, but its 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 Mitchell Hashimoto and Armon Dadgar, two classmates from the University of Washington's Paul G. Allen School of Computer Science and Engineering.[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]
