HashiCorp $100M Series D Renders $1.9B Valuation
November 01, 2018 / Dan Meyer
HashiCorp scored $100 million in a Series D funding round that pushed the privately held company’s total valuation to $1.9 billon. The latest round was led by new investor IVP and included another new investor in Bessemer Venture Partners. Existing investors GGV Capital, Mayfield, Redpoint Ventures, and True Ventures all chipped in as well. HashiCorp has now raised $174 million since its founding in 2012. The company said it will use the new funds to invest in its open source and commercial product development, increase hiring for global go-to-market positions, and boost its customer support and training programs. HashiCorp currently works with a number of large cloud providers like Microsoft and Google. HashiCorp’s last funding round was a $40 million Series C that closed last October.