HashiCorp Raises $40 Million to Meet Demand for Cloud Infrastructure Automation
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.



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