HashiCorp raises $24M in Series B


What does HashiCorp do?

HashiCorp, is the DevOps infrastructure company. This company builds tools for powering the modern datacenter. The company was funded with the goal of datacenter management app development, maintenance and delivery revolutionizing. The company makes Vagrant, a tool used for building complete development environments. With an easy to use workflow and focus on automation. This tool reduces setup time for development environment, increasing development and production parity, and makes works on my machine, excuse a thing of the past. As companies transform themselves to achieve success in software economy, they invest in development operations infrastructure. This company’s infrastructure enables companies in aligning and empowering developers, security teams and operators in accelerating app delivery, and increasing their competitiveness in the software economy.

How much HashiCorp was funded?

The company raised $24M in Series B on September 7, 2016 from Redpoint, Mayfield Fund, True Ventures and  GGV Capital.

Previous funding

$10.18M in Series A on December 10, 2014 from Mayfield Fund, True Ventures, GGV Capital and Semil Shah

What is next for HashiCorp?

The company plans on using the latest funding raised for accelerating its rapid growth and continuing open source and enterprise product development for supporting its millions of users. This year this company had its first seven digit revenue quarter after 9 months of enterprise sales. Its customers include companies sucs as Cisco, Conde Nast and Mozilla. The company was named a cool vendor in development ops by MIT Sloan CIO Symposium Innovation Showcase finalist and Gartner. The next stage for this company is bringing its DevOps vision to more users across enterprise and open source communities.

More about HashiCorp

HashiCorp was founded in in 2010 by Mitchell Hashimoto and Armon Dadgar. It has its headquarters in San Francisco, CA.