HashiCorp Inc. (NASDAQ: HCP)
Software - Infrastructure · San Francisco, CA, United States · Founded 2012
- Market capitalization: $7.0 billion
- Annual revenue: $0.58 billion
- Net income: $-0.19 billion
- Employees: 2,200
- Sector: Technology
- Headquarters: San Francisco, United States
- Founded: 2012
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HashiCorp makes infrastructure automation tools — Terraform, Vault, Consul, and Nomad — that help companies manage cloud infrastructure. Terraform is the de facto standard for infrastructure-as-code, used by millions of developers. IBM agreed to acquire HashiCorp in 2024 for $6.4 billion.
Open-source tools drive adoption, with revenue from enterprise versions (HashiCorp Cloud Platform) and self-managed enterprise licenses. The open-core model means the community version is free, while enterprises pay for governance, security, and support features.
Founded in 2012 by Mitchell Hashimoto and Armon Dadgar while they were in college. HashiCorp went public in 2021. The controversial switch of Terraform's license from open-source to BSL in 2023 sparked the OpenTofu fork and community backlash. IBM's acquisition offer came in 2024.
| Market Capitalization | $7.0B |
| Annual Revenue | $0.58B |
| Net Income | $-0.19B |
| Profit Margin | -33% |
| Revenue per Employee | $263636K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | HCP |
Financial data is approximate and based on most recent annual filings.
Terraform is used to manage infrastructure at most major tech companies — it's become as fundamental as Git for code. The BSL license change triggered one of the most heated open-source licensing debates in years.
HashiCorp built essential developer tools but struggled to monetize them. The IBM acquisition is probably the right outcome — they get scale, IBM gets modern infrastructure tooling.
What is HashiCorp Inc.'s revenue?
HashiCorp Inc. generates approximately $0.58 billion in annual revenue.
How many employees does HashiCorp Inc. have?
HashiCorp Inc. employs approximately 2,200 people worldwide.
What is HashiCorp Inc.'s market cap?
HashiCorp Inc. (HCP) has a market capitalization of approximately $7.0 billion on the NASDAQ.
When was HashiCorp Inc. founded?
HashiCorp Inc. was founded in 2012 and is headquartered in San Francisco, CA, United States.
Who is the CEO of HashiCorp Inc.?
Dave McJannet is the current CEO of HashiCorp Inc..
What is HashiCorp Inc.'s website?
HashiCorp Inc.'s official website is hashicorp.com.
| CEO | Dave McJannet |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 2012 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | hashicorp.com |
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