Penguin: Open Source Cloud Tooling HashiCorp $100M

Software

Open-source cloud tooling maker HashiCorp bags $100M round at $1.9B valuation

HashiCorp Inc., a startup that makes open-source tools for managing cloud environments and applications, today announced that it has reeled in a $100 million late-stage funding round led by IVP.

The valuation is a reflection of the rapid user growth that the startup is experiencing. HashiCorp claims that its cloud automation tools have been downloaded 45 million times in the past 12 months, up from 22 million the previous year.

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