SAN FRANCISCO, CA--(Marketwired - Oct 24, 2017) - HashiCorp, a leader in cloud infrastructure automation, today announced that it has raised $40 million in Series C funding from its existing investors, bringing the total raised to $74 million. The round was led by GGV Capital and Redpoint, with Mayfield and True Ventures also participating. The company plans to use the new funding to accelerate investment across its go-to-market, engineering, and customer success teams to support its rapidly growing customer base.
"Broad usage of our products by operations, security, and development professionals has meant that HashiCorp products play an increasingly critical role for many large enterprises as they adopt cloud," said Dave McJannet, CEO of HashiCorp. "Our products provide consistent workflows to provision, secure, connect, and run any infrastructure, so we are uniquely positioned to help enterprises address the realities of multi-cloud. Our commercial customer base has grown significantly over the past 18 months and this funding will allow us to invest aggressively across the breadth of our organization and with a particular emphasis on customer support and success."
Mitchell Hashimoto and Armon Dadgar, HashiCorp's founders and co-CTOs, launched the company in 2012. In the past year, HashiCorp has seen growth and success across all of these key areas:
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About HashiCorp
HashiCorp is a cloud infrastructure automation company that enables organizations to adopt consistent workflows to provision, secure, connect, and run any infrastructure for any application. HashiCorp open source tools Vagrant, Packer, Terraform, Vault, Consul, and Nomad are downloaded thousands of times per day 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. The company is headquartered in San Francisco and backed by Mayfield, GGV Capital, Redpoint, and True Ventures. For more information, visit https://www.hashicorp.com or follow HashiCorp on Twitter @HashiCorp.
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