Venture Capital News: HashiCorp Announces $10M in Growth Funding
SAN FRANCISCO, CA, Leader in the DevOps marketplace, today announced $10 million in Series A funding.
HashiCorp, a leader in the DevOps marketplace, today announced $10 million in Series A funding. The round was led by Mayfield, with GGV Capital and True Ventures also participating. HashiCorp plans to use the money to build out its enterprise offering, rapidly scale the team, and continue to support its existing millions of users.
Also today HashiCorp launched Atlas to power DevOps application delivery on any infrastructure -- public, private, and hybrid: http://www2.marketwire.com/mw/release_html_b1?release_id=1163471
'We're excited to have the resources, experience, and guidance of our investors behind us. This fundraising will allow HashiCorp to continue to provide excellent support to our open source community, and to begin the commercial journey,' said Mitchell Hashimoto, Co-Founder and CEO of HashiCorp. 'We'll be rapidly growing the team and shipping even more products that our users have come to know and trust.'
HashiCorp was founded by Mitchell Hashimoto and Armon Dadgar in 2012 with the goal of revolutionizing datacenter management: application development, delivery, and maintenance. The datacenter of today is very different than the datacenter of yesterday, and the datacenter of tomorrow is just around the corner. HashiCorp is writing software to take developers and sysadmins all the way from yesterday to today, and then safely to tomorrow and beyond.
Physical, virtual, containers. Private cloud, public cloud, hybrid cloud. IaaS, PaaS, SaaS. Windows, Linux, Mac. These are just some of the choices faced when architecting a datacenter of today. And the choice is not one or the other; instead, it is often a combination of many of these. HashiCorp builds software to ease these decisions by presenting solutions that bridge the gaps. HashiCorp's tools manage both physical machines and virtual machines, Windows, and Linux, SaaS and IaaS, etc. The company is committed to supporting next-generation technologies, as well.
'We had been in touch with Mitchell for over a year prior to investing in HashiCorp, because he is that rare tech visionary who is completely in tune with all the pains in DevOps,' said Robin Vasan, Mayfield Managing Director and a HashiCorp Board Member. 'When Armon and he decided to form a company around their passion, we were really impressed with the team, the momentum of their open source projects, and the big opportunity in hybrid datacenter automation. Like VMware did years ago, we believe that HashiCorp will usher in a new era of infrastructure software by bringing clarity and efficiency to the modern datacenter.'
'HashiCorp's ability to deliver complete, stable open source DevOps software over the past five years shows the dedication, excellence, and productivity of this team,' said Glenn Solomon, Managing Partner at GGV Capital and a HashiCorp Board Member. 'At GGV, we pride ourselves on investing in companies that lead global market transformations. HashiCorp is one of those companies building the software to power the modern datacenter. We believe HashiCorp solutions will be key integrators to organize the diversity of infrastructure stacks and application delivery workflows, and are very excited to see this company grow.'
HashiCorp is a leader in DevOps solutions for the modern datacenter. Developers and system administrators use HashiCorp software to manage the application delivery process on any infrastructure. HashiCorp is also an active contributor to the open source community with the projects Vagrant, Packer, Serf, Consul, and Terraform. Backed by Mayfield, GGV Capital, and True Ventures, the company is headquartered in San Francisco. For more information, visit: http://www.hashicorp.com or follow HashiCorp on Twitter @hashicorp.
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