March 30, 2020

HashiCorp – $175 Million

San Francisco, CA ; 03/16/2020

Amount Funded: $175 Million

Type: Series E

Lead Investor: Franklin Templeton

Participating Investor(s):  T. Rowe Price, Geodesic Capital, GGV Capital, IVP, Mayfield, Redpoint Ventures, True Ventures

Company Description:  HashiCorp is the leader in multi-cloud infrastructure automation software. The HashiCorp software suite enables organizations to adopt consistent workflows to provision, secure, connect, and run any infrastructure for any application. HashiCorp’s open source tools Vagrant™, Packer™, Terraform, Vault, Consul, and Nomad™ are downloaded tens of millions of times each year and are broadly adopted by the Global 2000. Enterprise versions of these products enhance the open source tools with features that promote collaboration, operations, governance, and multi-data center functionality.

What funding will be used for: Growing HashiCorp’s focus on enabling multi-cloud infrastructure automation for organizations around the globe that are working to extract the full value of multi-cloud IT environments.

Quotes:

“At HashiCorp, we are providing the Global 2000 with the critical software they need to adopt a cloud operating model for their infrastructure. Increasingly, our software is becoming mission critical to the largest organizations in the world, and we take our responsibility to deliver on their expectations very seriously. We are pleased to have Franklin Templeton and T. Rowe Price join as new investors and look forward to the continued partnership with our existing investor partners.”

-David McJannet, CEO, HashiCorp

Notes:

  1. HashiCorp reports that its valuation is $5.1 million (as of 3/16/20)

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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