HashiCorp pulls in $24m to build out DevOps infrastructure portfolio
Cash comes AFTER senior appointments for a change...
HashiCorp has pulled in $24m in funding, which should give its founders carte blanche to crack open an extra bottle or two at its user conference in Napa, California this week.
The DevOps infrastructure outfit has a slightly dizzying portfolio of seven open source tools and parallel “enterprise versions spanning runtime, security and infrastructure management. Actually, there were eight tools, but Otto, “a single solution to develop and deploy any application” got it in the head in August.
The firm said the series B cash injection brings its total funding to $24m, and comes after hitting its “first seven figure revenue quarter after only nine months of enterprise sales.” Which would be just around the same time it appointed Paul Moblad as senior director of enterprise sales.
The cash influx was announced shortly after a flurry of other senior appointments at the four year old firm.
It appointed GitHub and Hortonworks veteran Dave McJannet as CEO in August. Founders Mitchell Hashimoto and Armon Dadgar became joint CTOs. In July it appointed Jon Currey as director of research. In June, it absorbed tools developer Vektra.
In between squeezing in all those extra bodies, it also managed to squeeze out the enterprise version of its Vault product for DevOps security. The enterprise version adds: a UI for managing “secrets” through a single portal; health alerts and monitoring for Vault servers; and initialization and seal workflow for Vault clusters. ®