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.
Consul, Terraform, Vault, Nomad
HashiCorp offers open source-based software platforms that allow enterprises to manage distributed application infrastructure. It competes against companies like Puppet and Chef.
HashiCorp’s main products include its Consul service mesh platform, its Terraform infrastructure-as-a-code (IaaS) software, the Vault centralized security management platform, and the Nomad cluster scheduler. All of its platforms include a free open source version as well as premium versions that include more features and support.
HashiCorp last month further tightened Kubernetes integration across all of its platforms.
Terraform allows users to define data center infrastructure. HashiCorp last year launched an enterprise version of Terraform for provisioning cloud-based and on-premises infrastructure.
Vault allows organizations that are spanning multiple public clouds or private data centers to centrally manage security policies. This includes central management of secrets to enforce access to systems, applications, and protect sensitive data.
Nomad provides a consistent workflow to deploy any application across any infrastructure. It will hit general availability later this month.