HashiCorp, an open source software company, announced $24 million in Series B funding yesterday, bringing the company’s total funding to $34 million. The Series B was led by GVV Capital with Mayfield, True Ventures, and new investor Redpoint.
HashiCorp plans to use the funding to continue its growth in developing open source tools and products for enterprises. The vendor focuses on delivering a DevOps infrastructure, which allows companies to align developers, operators, and security teams to speed up application delivery.
Vault Enterprise, also announced yesterday, is HashiCorp’s security system built for DevOps infrastructure. It builds on Vault, the company’s open source security tool, to give security teams the ability to enforce security policy management across distributed infrastructure. And it is now the security foundation for the HashiCorp DevOps infrastructure suite.
Vault Enterprise comes with collaboration features such as a user interface for managing secrets; health alerts and monitoring; and seal workflow. Vault Enterprise joins a tool suite that includes: Terraform Enterprise, allowing DevOps teams to provision infrastructure; Nomad Enterprise, enabling teams to deploy applications in a DevOps infrastructure; and Consul Enterprise, giving teams the ability to monitor their infrastructure.
HashiCorp’s open source user base comes from professionals at companies like Stripe, Uber, Twitch, OpenAI, Pinterest, and Capital One. After nine months of enterprise sales, HashiCorp reached its first seven-figure revenue quarter, picking up customers like Conde Nast, Cisco, and Mozilla, to name a few.