HashiCorp, a San Francisco, CA-based multi-cloud infrastructure automation software provider, raised $175m in Series E funding, at a company valuation of $5.1 billion.
The round was led by Franklin Templeton and included participation from funds and accounts advised by T. Rowe Price Associates, Inc., Geodesic Capital, as well as existing investors GGV Capital, IVP, Mayfield, Redpoint Ventures, and True Ventures.
The company intends to use the funds to invest in the people and programs that support its customers around the world – expand its field, support, and customer success organizations worldwide; increase its investment in education, implementation and architectural guidance, and channel and technology partnerships; as well as continue and expand research and development efforts.
Led by David McJannet, CEO, HashiCorp provides a multi-cloud infrastructure automation software suite that enables organizations to adopt consistent workflows to provision, secure, connect, and run any infrastructure for any application. HashiCorp’s open source tools Vagrant™, Packer™, Terraform, Vault, Consul, and Nomad™ are downloaded tens of millions of times each year and are broadly 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.
The company is headquartered in San Francisco, though 85 percent of HashiCorp employees work remotely, strategically distributed around the globe.