Blog
04.2025

Announcing HashiCorp’s Acquisition by IBM for $7.7 Billion

Cheers to a decade of dedication! Congratulations to Armon Dadgar, Mitchell Hashimoto, David McJannet, and the entire team on HashiCorp‘s acquisition by IBM for $7.7 billion. We’re incredibly proud to have been part of your journey since leading the Series A in 2014.

HashiCorp exemplifies what it means to build an iconic company. From its people-first approach and commitment to diversity to its keen understanding of the multi-cloud era, it has consistently innovated and executed.

We want to thank all team members, including Susan St. Ledger, Paul Warenski, Marc Holmes, Navam Welihinda, Talha Tariq, Ash Nangia, and Preeti Somal, who contributed mightily to the company’s success.

We are also fortunate to have worked with great co-investors and board members along the way, including Robin Vasan, Glenn Solomon, Scott Raney, Thomas Lovero, Puneet Agarwal, Todd Ford, David Henshall, and Sigal Zarmi.

It feels like we were celebrating their IPO in NYC just yesterday. (See the picture from December 2021). I’m excited about their next chapter. Onwards and upwards!

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