HashiCorp

HashiCorp

HashiCorp is a software company providing tools for developers and security professionals to provision, secure and run infrastructure for distributed application for organizations.

Overview

HashiCorp is a software company developing and providing open-source tools and proprietary commercial products for developers, operators, and network security professionals to supply, secure, run, and connect cloud-computing infrastructures. The San Francisco, California-based company was founded in November of 2012 by Mitchell Hashimoto and Armon Dadgar, who serve as co-CTOs. HashiCorp's operates on a freemium business model, allowing users to download and utilize products for free and pay for software upgrades as needed. Although the company is headquartered in San Francisco, HashiCorp has distributed employees across the United States, Canada, Australia, and Europe.

Vault Key management

Vault Key management is a HashiCorp software product that allows users to secure and manage sensitive or "secret" information under layers of code. Vault secures API keys, passwords, tokens, databases, certificates, and more. The product provides a single interface for sensitive information that provides tight access control and a detailed audit log of all users who have accessed the information. Vault can be integrated with various existing security software and security measures. Vault handles numerous tasks for secrets management, including:

  • Leasing.
  • Key revocation.
  • Key rolling.
  • Auditing.
  • Data encryption.
  • Provides an API for all operations.
  • Is not meant as a service or token provider, which gets embedded.
  • In the request/response cycle.

Vault's offerings are different than competitors such as LastPass and 1Password because it supports all the above operations whereas its competitors only support encryption of passwords. HashiCorp has developed security integrations partnerships with several companies to make the Vault product accessible.

Secrets management

Secrets management refers to the tools and methods used to manage digital authentication credentials including passwords, tokens for in-application use, APIs, services, privileged accounts, and other sensitive information. HashiCorp developed Vault to protect "secrets" from unauthorized or rogue users and to maintain active records, including time, date, and identity, of the individuals requesting authentication information from the interface. Vault is primarily put to use through integration in its authorization backend. The authorization back end then moves the information and converts it to the Vault secrets backend where the information is stored for safe-keeping until an authorized user makes the request for specific keys.

Databases

Vault allows users to store databases and offers numerous integrations with database providers to allow the storage of important and sensitive data information. The database integrations include:

  • Cassandra
  • HanaDB
  • MongoDB
  • MSSQL
  • MySQL/MariaDB
  • PostgreSQL
  • Oracle

InnoQ use cases

InnoQ is a company that employs HashiCorp's Vault product for secrets management. In an InnoQ conference presentation Daniel Bornkessel, Senior Consultant at InnoQ states the vault product is used in the following process:

  • Pass secrets in via env vars
  • Read the values from Kubernetes secrets (Kubernetes is a Vault integration tool)
  • Assign role-based access control
  • Manually change and update passwords (InnoQ has plans to automate this process in the future)

At the time of the use case review, InnoQ was not implementing three of Vault's features: the audit log, which tracks the users, time, and date of accessed credentials, automated password changing and updating, and credential revoking. Despite not implementing these features, Daniel Bornkessel stated that InnoQ was considering implementing the features in the future for more maximized security practices.

HashiCorp integration partnerships

HashiCorp has developed a network of over 500 partner companies that range from technology companies with integrations for its core products to system integrators and resellers worldwide.

Security integration partnerships

Provisioning integration partnerships

Service networking integration partnerships

App deployment partner companies

Timeline

January 7, 2021
HashiCorp Inducted Into JPMorgan Chase Hall of Innovation
June 17, 2020
Auth0, an identity platform for developers, announces its technology partnership with HashiCorp.
March 17, 2020
HashiCorp raises a $175,000,000 series E round from Franklin Templeton Investments.
March 16, 2020
HashiCorp raises $175 million in Series E funding to support multi-cloud transformation for Global Enterprises

HashiCorp®, the leader in multi-cloud infrastructure automation software, today announced it has raised $175 million in Series E funding, at a company valuation of $5.1 billion.

November 1, 2018
Series D funding $100M for HashiCorp led by IVP.
November 2018
HashiCorp raises a $100,000,000 series D round from Redpoint Ventures, Bessemer Venture Partners, GGV Capital, Mayfield Fund, IVP, True Ventures and Mayfield.
October 2017
HashiCorp raises a $40,000,000 series C round from GGV Capital, Redpoint Ventures, True Ventures and Mayfield Fund.
September 7, 2016
HashiCorp raises a $24,000,000 series B round from GGV Capital.
December 2014
HashiCorp raises a $10,200,000 series A round from GGV Capital, Mayfield Fund, Haystack Ventures and True Ventures.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
HashiCorp funding round, November 2018
100,000,000
November 2018
5 Results
Results per page:
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Products

Product
Description
Launch date
Industry
Website
Terraform (software)

Terraform lets software developers predictably create, change, and improve cloud infrastructure.

July 2014

Platform for managing secrets like API keys, passwords, certificates, and encryption keys.

April 2015

Nomad is a distributed, data-center aware cluster and application scheduler designed to support the modern data center with support for long-running services, batch jobs, and much more.

September 2015

Software for creating and managing identical machine images for multiple platforms from a single source configuration

June 2013

Software for portable virtual development environments

2010
6 Results
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People

Name
Role
LinkedIn

Armon Dadgar

Co-Founder

Cydney Kirby

Employee

Kristopher Hughes

Employee

Mitchell Hashimoto

Co-Founder

Semil Shah

Investor

Further reading

Title
Author
Link
Type
Date

HashiCorp Vault secures 100 trillion transactions/year at Adobe

HashiCorp

Web

HashiCorp's Vault use case study by InnoQ's Daniel Bornkessler

Daniel Bornkessler

Web

Documentaries, videos and podcasts

Title
Date
Link

The Official SaaStr Podcast: SaaS | Founders | Investors: SaaStr 377: Hashicorp CEO Dave McJannet on Scaling Remote Teams; What Breaks and When, How To Successfully Execute Multi-Product Strategies and How Leadership Style Evolves with Company Stage on Apple Podcasts

September 23, 2020

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Kiratech S.p.A.
December 24, 2020
www.prnewswire.com:443
/PRNewswire/ -- En avril dernier, Kiratech a annoncé son partenariat opérationnel avec HashiCorp, société de logiciels leader dans l'automatisation des...
Ron Miller
June 22, 2020
TechCrunch
HashiCorp is well known in the developer community for offering a slew of open source tools to help build and manage modern applications. Today the company announced a new cloud platform and plans to eventually offer managed versions of those tools, starting with Consul a tool for connecting and securing services across platforms. HashiCorp CEO [...]
Anthony Ha
March 17, 2020
TechCrunch
President Trump is preparing a massive stimulus proposal, Amazon adjusts to COVID-19 and HashiCorp is now valued at more than $5 billion. Here's your Daily Crunch for March 17, 2020. 1. Trump administration proposes $850B stimulus package to stabilize the economy The Trump administration is heading to Congress to ask for an $850 billion stimulus [...]
Danny Crichton
March 17, 2020
TechCrunch
The rise of the cloud over the past decade has forced software developers and DevOps engineers to completely rearchitect the modern web application, ensuring scalability, performance, and security. That's a really painful proposition when done manually, which is where Hashicorp comes in to play. The company's suite of products helps everyone in the tech workforce [...]

References

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