Cloud technology has helped companies simplify their business infrastructure. The cloud is not only easy to access, but it is also secure to put data on the cloud and keep working as one used to do in the pre-cloud era. Cloud computing has not only eased out the working for the businesses but also provides new opportunities as well as chances to experiment for the software geniuses. HashiCorp is also a result of some experimentation by its founders Mitchell Hashimoto and Armon Dadgar, who found their interest in emerging cloud technology and built a million dollars empire for them. HashiCorp is one of the leading software companies that develop open-source tools and commercial products to work with cloud-computing infrastructure for developers.
About HashiCorp
HashiCorp is a ten-year-old software company, with its headquarters based in San Francisco, California. The company works on the freemium business model and is known for the development of open-source tools and products that help the developers to run and connect with the cloud-computing infrastructure with the most ease and security. Mitchell Hashimoto and Armon Dadgar are the founders of the company, whereas, David McJannet leads the company as the CEO.
HashiCorp is a publically traded company and trades on Nasdaq as HCP. The product list from HashiCorp includes both open-source and proprietary products, such as Vagrant, Packer, Serf, Consul, Terraform, Vault, Nomad, Sentinel, Boundary, Waypoint, etc. Apart from San Fransisco, the company has established offices in various parts of the US, India, Europe, Canada, and Australia, etc. As per the 2022 data, over 1500 people are working at HashiCorp.
Founding HashiCorp
The beginning of the HashiCorp includes the same university student story. Mitchell Hashimoto and Armon Dadgar, the two co-founders of HashiCorp, were the students at University of Washington and met each other at the same university in 2008. The two worked together on the same cloud technology-based project. While working on the project, both had become aware of the potential of cloud computing. After graduating from the university, they moved to San Fransisco, where Mitchell founded HashiCorp in December 2012. Armon joined the company as the co-founder in July 2013.
The co-founders started the company with the idea to provide businesses with tools that would help them deploy and connect their applications to the cloud (or multiple connected clouds), seamlessly and securely. By January 2014, the company started to grow in terms of manpower. In December of the same year, the company held a rounding of Series A funding and raised $10.2 million in the capital.
The next year in September, HashiCorp held its first HashiConf in Portland. In September 2016, the company had another Series B round of funding, where it raised $24 million in capital. By June 2017, the number of employees for the company had reached 100 people. The company went international when it opened its first overseas office in Europe in 2017. The same year, the company hosted another round of funding raising $40 million. HashiCorp established one of its subsidiaries named KK in Japan, which was the first HashiCorp office in Asia.
In the Series D round of funding held in 2018, the company raised $100 in the capital, and by the mid of next year, the employee count of the company expanded to 500 people. With the Series E round of funding in 2020, the company raised $175 million and added 500 more employees working for it worldwide. Alongside the employee count, the customer count was also reaching 1000 people by the same year.
In November 2021, HashiCorp had its first IPO, and it went public on NASDAQ, valued at $13 billion.
The CEO at HashiCorp
David McJannet is the current CEO at HashiCorp. He has got over twenty years of experience working in the software industry, including cloud technology. Before joining HashiCorp in 2016, he has been an important part of companies like GitHub, Hortonworks, VMware, Microsoft, etc. David joined HashiCorp when there were only 30 people in the team, and today, under his leadership, the team has grown to be 1500 people.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.