{"id":9731,"date":"2017-10-24T18:53:16","date_gmt":"2017-10-24T18:53:16","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/hashicorp-raises-40m-for-its-cloud-infrastructure-automation-services.html"},"modified":"2017-10-24T18:53:16","modified_gmt":"2017-10-24T18:53:16","slug":"hashicorp-raises-40m-for-its-cloud-infrastructure-automation-services","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/hashicorp-raises-40m-for-its-cloud-infrastructure-automation-services.html","title":{"rendered":"HashiCorp raises $40M for its cloud infrastructure automation services"},"content":{"rendered":"


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HashiCorp<\/a> is probably best known for Terraform<\/a>, its open-source tool for automatically provisioning infrastructure by describing it as code. But the company also offers a whole range of additional open-source security tools<\/a> and products that enable<\/a> multi-cloud deployments<\/a>, as well as enterprise versions of these tools that add features for larger teams on top of these free versions.<\/p>\n

Today, the company announced<\/a> that it has raised a $40 million Series C funding round led by existing investors GGV Capital and Redpoint, with Mayfield and True Ventures also participating.<\/p>\n

As HashiCorp CEO\u00a0Dave<\/span> McJannet told me, the company has seen growing momentum in recent years. While it doesn\u2019t disclose current customer numbers, it does disclose some of its customers\u2019 names; these include the likes of\u00a0Adobe, Barclays, Comcast, New Relic, SAP Ariba, Segment and Spaceflight.<\/p>\n

The foundation of all of this is the company\u2019s open-source tools, which have now been downloaded more than 22 million times.\u00a0To monetize those tools, HashiCorp focuses on making sure that the open-source products focus on the needs of individuals, while the commercial products focus on teams. This means adding the necessary features to enable teams to collaborate on Terraform, for example, or to add governance tools and support for audit trails \u2014 the kind of services that enterprises are looking for. \u201cWe orient around organizational complexity,\u201d McJannet\u00a0explained, and likened the company\u2019s approach to how GitHub relates to the git protocol.<\/p>\n

\"\"<\/a><\/p>\n

With this round, HashiCorp has now raised just over $74 million. McJannet\u00a0argued that the company didn\u2019t have to raise at this point. \u201cWe have this enormous usage of our open-source technology,\u201d he told me. \u201cThat has driven enormous endorsement from the cloud ecosystem. We reduce the friction of cloud adoption \u2014 and that\u2019s good for\u00a0the market.\u201d Over the last 18 months or so, the company has seen its growth accelerate \u2014 especially with regard to getting contracts with larger enterprises. \u201cWe were in a position where we didn\u2019t need to raise funds but looked at it and thought that we want to make sure we make our customers successful,\u201d McJannet\u00a0said. \u201cWe want to be able to double down on our customer support and field organization to make sure we make these companies successful. We take this responsibility really seriously.\u201d<\/p>\n

While HashiCorp plans to grow across the board, the company tells me that it will also expand its presence in Europe and Asia.<\/p>\n

<\/p>\n

Featured Image: Hoxton\/Tom Merton\/Getty Images<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/p9KZez4oprk\/<\/p>","protected":false},"excerpt":{"rendered":"

HashiCorp is probably best known for Terraform, its open-source tool for automatically provisioning infrastructure by describing it as code. But the company also offers a whole range of additional open-source <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-9731","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t