HashiCorp has raised $175 million in Series E funding in order to support multicloud transformation for global enterprises, according to a press release published on GlobeNewswire. The funding, led by Franklin Templeton, included investments from eight different venture capitalists. This latest funding round brings HashiCorp’s valuation to $5.1 billion.
HashiCorp enables the world’s largest companies to deliver applications faster by helping transition from manual processes and ITIL practices to self-service automation and DevOps practices. The company was founded in 2012 with the goal of revolutionizing datacenter management: application development, delivery, and maintenance. HashiCorp builds tools to ease IT decisions by presenting solutions that span the gaps; the vendor’s tools manage physical machines, virtual machines, Windows, Linux, SaaS, and IaaS.
This new round of funding will boost HashiCorp’s mission to enable multicloud infrastructure automation for companies around the world. HashiCorp hopes to help its clients extract the full value of multicloud IT environments. The company previously raised $100 million in a Series D funding round led by IVP; that funding was completed in November 2018.
In the company’s press release, HashiCorp’s CEO David McJannet said: “At HashiCorp, we are providing the Global 2000 with the critical software they need to adopt a cloud operating model for their infrastructure. Increasingly, our software is becoming mission critical to the largest organizations in the world, and we take our responsibility to deliver on their expectations very seriously. We are pleased to have Franklin Templeton and T. Rowe Price join as new investors and look forward to the continued partnership with our existing investor partners.”
Learn more about HashiCorp here.
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