HashiCorp secures $40 million funding to bolster cloud infrastructure automation space

Cloud infrastructure automation is becoming an increasingly hot space. HashiCorp, a vendor based in San Francisco, has secured $40 million (£30.2m) to support its growing customer base and boost investment in its engineering and go-to-market initiatives.

The funding round was led by GGV Capital and Redpoint, with contributions from Mayfield and True Ventures. Scott Raney, partner at Redpoint, said his company believed HashiCorp was a “key component for making cloud adoption work” in the enterprise.

The company offers four primary products, alongside an array of open source offerings: Terraform, which focuses on infrastructure provision; Vault, for securing apps and infrastructure; Consul, for configuring applications across infrastructure; and Nomad for running any application on any infrastructure.

Among its customers are Adobe, Barclays and Comcast, with the company also having partnerships with many of the largest cloud providers, including Alibaba Cloud, Amazon Web Services (AWS), Google, Microsoft, and Oracle. Total download numbers for its open source products stand at 22 million, the company says, with 150 updates released across its enterprise and open source suite.

“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 in a statement. “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 organisation and with a particular emphasis on customer support and success,” added McJannet.

You can find out more about HashiCorp here.

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