What does HashiCorp do?

HashiCorp is a software company founded in 2012 by Mitchell Hashimoto and Armon Dadgar. It specializes in open-source tools and enterprise solutions for automating and managing multi-cloud infrastructure. The company is known for its key products, including Vagrant, Terraform, Consul, Vault, Packer, and Nomad, which help organizations provision, secure, and connect their infrastructure. HashiCorp also offers the HashiCorp Cloud Platform (HCP), a fully managed SaaS solution for streamlined lifecycle management. Originally based in San Francisco, HashiCorp adopted a remote-first model and has grown significantly, achieving 75% year-over-year revenue growth by 2024. The company transitioned from serving small and medium-sized businesses to focusing on large enterprises, increasing its customer base to 4,500 by April 2024. HashiCorp went public in December 2021 and was acquired by IBM in February 2025, further integrating its solutions into IBM's hybrid-cloud strategy.