HashiCorp, Inc.

HashiCorp is an infrastructure automation software company headquartered in San Francisco, California, founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company builds tools that enable organizations to provision, secure, connect, and run infrastructure across cloud and on-premises environments. IBM completed its acquisition of HashiCorp in February 2025 for approximately $6.4 billion.

HashiCorp's primary products include Terraform, an infrastructure-as-code tool for provisioning cloud resources; Vault, a secrets management and data protection platform; Consul, a service mesh and network automation tool; and Nomad, a workload orchestration platform. Terraform is among the most widely adopted infrastructure-as-code tools in the industry, used by enterprises across financial services, technology, and healthcare sectors. In 2023, HashiCorp shifted Terraform and several other products from the Mozilla Public License to the Business Source License, prompting the community to fork Terraform into an open-source project called OpenTofu.

HashiCorp raised approximately $349 million in venture funding prior to its IPO, with investors including GGV Capital, Mayfield Fund, and True Ventures. The company went public on the Nasdaq in December 2021 under the ticker HCP, reaching a valuation of roughly $14 billion at its IPO. IBM announced its intent to acquire HashiCorp in April 2024 and closed the transaction in February 2025, integrating the company into its hybrid cloud software portfolio.