HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar while they were still in college. Based in San Francisco, the company builds tools that help organizations provision, secure, connect, and run their cloud infrastructure. In late 2024, IBM completed its acquisition of HashiCorp for approximately $6.4 billion.
The company’s product lineup is well-known in the DevOps world. Terraform is their flagship — an infrastructure-as-code tool that lets teams define cloud resources in declarative config files and deploy them across AWS, Azure, Google Cloud, and dozens of other providers. Vault handles secrets management, Consul takes care of service networking, and Nomad provides workload orchestration.
HashiCorp’s tools have been downloaded hundreds of millions of times. Terraform alone had over 3,000 providers in its registry by 2023, covering everything from major cloud platforms to niche SaaS products. The company serves thousands of enterprise customers, including Goldman Sachs, Roblox, and Deutsche Bank.
In 2023, HashiCorp controversially switched Terraform’s license from open-source MPL to the Business Source License (BSL), which sparked the creation of the OpenTofu fork by the community. Despite that debate, HashiCorp’s tools remain deeply embedded in modern infrastructure workflows, and many DevOps engineers consider Terraform an essential skill on their resume.
