The story
Founded by Armon Dadgar and Mitchell Hashimoto on Nov 2012.1
HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar, two classmates from the University of Washington's Paul G. Allen School of Computer Science and Engineering. Co-founder Hashimoto was previously working on open-source software called Vagrant, which became incorporated into HashiCorp.
On 29 November 2021, HashiCorp set terms for its IPO at $68-$72 at a valuation of $13 billion. It offered 15.3 million shares. HashiCorp considers its workers to be remote workers first rather than coming into an office on a full-time basis.
Around April 2021, a supply chain attack using code auditing tool codecov allowed hackers limited access to HashiCorp's customers networks. As a result, private credentials were leaked. HashiCorp revoked a private signing key and asked its customers to use a new rotated key.
Mitchell Hashimoto resigned from the company in December 2023.
Acquisition by IBM
On April 24, 2024, the company announced it had entered into an agreement to be acquired by IBM for $6.4 billion, with the transaction expected to close by the end of the same year. This led to the Competition and Markets Authority of the United Kingdom launching an investigation into the acquisition in late 2024. The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals.
From Wikipedia’s article on HashiCorp, shared under CC BY-SA 4.0.7