Hashicorp, a leading player in the cloud infrastructure automation industry, announced that it has raised a Series C funding of $40 million. The entire funding came from its existing investors and till date, the total amount raised is $74 million. This round was led by GGV Capital and Redpoint along with other investors such as Mayfield and True ventures. A release by the company says that this funding will be mostly used for investment in its go-to market, besides its engineering and customer service teams.

Hashicorp is a company based in San Francisco that offers open-source tools and paid products that make it possible for developers to secure and run distributed application infrastructure. It was founded five years back, in 2012, by Mitchell Hashimoto and Armon Dadgar.

Hashicorp’s key products include:

• Vagrant – This is a virtualization product that supports the building of reproducible software environments
• Packer – This tool helps to build virtual machine images that can be deployed later.
• Terraform – It helps to provision and adapt infrastructure across different cloud platforms
• Consul – This tool provides DNS-based service recovery, RPC and KV storage.
• Vault – It handles privileged access management, encryption as a service and anything that will beef up the security of the infrastructure.
• Nomad – This tool supports scheduling and deployment of different tasks.

The widespread use of cloud, especially infrastructure-as-a-service, has led to a surge in the demand for Hashicorp’s products. Over the last few years, this company has seen tremendous growth in many key areas. Some of its notable achievements are:

• It has added new customers almost every quarter and today, its customer base includes top names such as Adobe, SAP Ariba, SpaceFlight, Barclays, Comcast, and Lotto New Zealand.
• Its products were downloaded 22 million times so far and it has released around 150 updates across all its suite of products.
• Last year, it introduced a program called HashiCorp Partner program to include resellers and system integrators across different regions in North America, Europe, Middle-east and Africa, and Asia Pacific.
• Its User Group has expanded to 44 cities and includes more than 8,000 members.

With such an impressive list of achievements within a short span of time, Hashicorp sure has a bright future ahead.

 

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