HashiCorp, a San Francisco, CA-based provider of cloud infrastructure automation solutions, raised $100m in Series D funding.
The round, which brought the company valuation at $1.9 billion and total funding raised to date to $174m, was led by new investor IVP, with participation from Bessemer Venture Partners and existing investors GGV Capital, Mayfield, Redpoint Ventures, and True Ventures.
The company intends to use the funds to focus on its open source and commercial product development, hiring in global go-to-market functions; and customer success, support, and training efforts for its worldwide customer base.
Led by Dave McJannet, CEO, HashiCorp is a cloud infrastructure automation company that enables organizations to adopt workflows to provision, secure, connect, and run any infrastructure for any application. Its open source tools Vagrant, Packer, Terraform, Vault, Consul, and Nomad are downloaded tens of millions of times each year and are adopted by the Global 2000. Enterprise versions of these products enhance the open source tools with features that promote collaboration, operations, governance, and multi-data center functionality.
HashiCorp now counts more than 50 of the Fortune 500 and over 100 of the Global 2000 among its paying customers and 320 employees.