HashiCorp
#21 on Setter30 -5 Most recent: Q2 2021HashiCorp develops infrastructure automation and cloud lifecycle management tools including Terraform, Vault, Consul, and Nomad. These open-source and commercial products enable organizations to provision, secure, run, and connect cloud infrastructure across hybrid and multi-cloud environments.
Public Company
HashiCorp is publicly traded
IPO'd on Dec 9, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under HCP.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
1,001–5,000
Total Funding
$349.2M
5 rounds
Last Private Valuation
$5.1B
Mar 16, 2020
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
1 signalStepped down as co-founder/CTO effective March 31, 2026; replaced by Field CTO Satyan Nair
Founder-CTO exit post-IBM deal signals leadership turnover; watch governance stability
Setter30 Ranking
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $349.2M across 5 rounds
Last updated 09-28-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 16, 2020 | Series E TechCrunch | $175M | $5.1B | Franklin Templeton Investments |
| Nov 1, 2018 | Series D TechCrunch | $100M | $1.9B | IVP |
| Oct 24, 2017 | Series C | $40M | — | GGV Capital |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series D
$1.9B
Nov 2018
HashiCorp today
$5.1B
Mar 2020 · latest mark
HashiCorp multiple
2.7x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Michael Weingartner
Chief Product Officer
Satyan Nair
Field Chief Technology Officer
Ash Nangia
Chief Support Officer
Freddy Vaquero
Global VP, Sales & Field Operations
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Pulumi
Infrastructure-as-code platform using programming languages
Akeyless
Secrets management and encryption key management for multi-cloud
CyberArk
Privileged access management and secrets security platform
AWS Secrets Manager
AWS native secrets storage and rotation service
Spectro Cloud
Kubernetes management and provisioning platform
HashiCorp Investment FAQ
HashiCorp FAQ
Yes, HashiCorp is publicly traded under the ticker symbol HCP on the NASDAQ. The company went public in Dec 9, 2021.
HashiCorp trades under the ticker symbol HCP on the NASDAQ. It began trading in Dec 9, 2021.
HashiCorp (HCP on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker HCP to place an order.
HashiCorp went public in Dec 9, 2021 via ipo, with an offering valuation of approximately $5.1B. HashiCorp went public on NASDAQ in December 2021 at a $14 billion valuation. IBM announced the acquisition on April 24, 2024 at $6.4 billion ($35 per share), with the deal closing on February 27, 2025 after regulatory approvals from the FTC and UK CMA.
HashiCorp raised $349.2M across 5 disclosed funding rounds prior to its public listing.
HashiCorp is headquartered in San Francisco, CA.
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